HEALTHCARE PROVIDERS INSURANCE: Sent by Pa. Court to LiquidationHECTOR RICARDO CARMONA: US Court Won't Recognize Mexican JudgmentsHELIOS AND MATHESON: Empery Has 4.99% Stake as of Dec. 31HELIOS AND MATHESON: Will Sell $400 Million Worth of SecuritiesHIGHVEST CORP: U.S. Trustee Unable to Appoint Committee

111-25 116 LLC: South Ozone Park Property to Be Sold March 2------------------------------------------------------------Sandra M. Munoz, Esq., as Referee, will sell at public auction atthe Queens County Supreme Courthouse, 88-11 Sutphin Blvd., inCourtroom # 25, Jamaica, NY on March 2, 2018, at 10:00 a.m. thepremises known and designated as Block 11621 and Lot 54 on theQueens County Tax Assessment Map.

The premises is known as 111-25 116TH STREET, SOUTH OZONE PARK,NY.

Proceeds of the sale will be used to pay down lien in the amount of$55,036 plus interest and costs.

The Premises will be sold subject to provisions of the Judgment ofForeclosure and Sale entered and dated Nov. 29, 2017, in the case,NYCTL 2015-A TRUST, and THE BANK OF NEW YORK MELLON, as CollateralAgent and Custodian for the NYCTL 2015-A Trust, Plaintiff -against-111-25 116 LLC, et al Defendant(s), pending before the QueensCounty Supreme Court.

264 LAGOON: U.S. Trustee Unable to Appoint Committee----------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Lagoon Dr Lido Beach NY LLC asof Jan. 26, according to a court docket.

ADVANCED SOLIDS: Sale of 13 Shale Bins for $3K Each Approved------------------------------------------------------------Judge Ronald B. King of the U.S. Bankruptcy Court for the WesternDistrict of Texas (i) authorized Advanced Solids Control, LLC'ssale of 13 shale bins to International Sales, Inc. and/or anyrelated third party for the minimum cash sales price of $3,000 perShale Bin; and (ii) granted the Debtor latitude in selling theShale Bins for less than the minimum price of $3,000 should itbecome necessary as a result of the condition of the Shale Bin(s).

The sale of the 13 Shale Bins to International Sales and/or anyunrelated third party is free and clear of all liens, claims andencumbrances.

The sale proceeds from the sales are to be paid to WTF Rentals, LLCas a partial payment towards WTF Rentals secured claim.

About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service companyspecializing in solids control for land-based oil and gas drillingoperations.

ALTOMARE AUTO: Wants Exclusive Plan Filing Moved to Feb. 21-----------------------------------------------------------Altomare Auto Group, LLC, d/b/a Union Volkswagen, asks the U.S.Bankruptcy Court for the District of New Jersey to extend theexclusive period for filing a Plan of Reorganization from Feb. 21,2018, through May 21, 2018, and extending the Debtors' exclusiveperiod in which to obtain confirmation of a Plan of Reorganizationfrom April 22, 2018 through July 22, 2018.

A hearing on the Debtor's request is set for Feb. 21, 2018, at10:00 a.m.

As reported by the Troubled Company Reporter on Nov. 20, 2017, theCourt previously extended the Debtor's exclusive periods for filingand obtaining confirmation of a Plan of Reorganization, through andincluding Feb. 21, 2018 and April 22, 2018, respectively.

The Debtor has taken substantial steps to streamline its business,disposing of excess inventory, and processing a sale ofsubstantially all of its assets. The Debtor has resolved contestedsecured claims and is in the process of pursuing litigation againstthird parties in an attempt to increase available assets fordistribution to creditors. The Debtor has filed four omnibus claimobjections resulting in a reduction of claims of record by over$700,000.

The Debtor has spent the bulk of its time in Chapter 11 (i)negotiating cash collateral arrangements with the securedcreditors, (2) negotiating and ultimately obtaining approval for asale of substantially all of the assets in this estate, (3)engaging in the aforesaid litigation, and (4) objecting to claims.

Unfortunately, there was insufficient time before the currentexclusivity period expires to prepare, circulate and file a Plan ofReorganization and Disclosure Statement in this case. A mediationhearing is scheduled regarding the Volkswagen litigation which,hopefully, will provide more certainty as to what creditors mayreceive under a plan in this case.

According to the Debtor, additional time is necessary for theDebtors to formulate a plan, now that there is more certainty as tothe prospects of, and timing for, distribution to creditors in thiscase. Good Faith progress towards Reorganization. In the shortperiod of time that the Debtor has been the subject of theseChapter 11 proceedings, the Debtor has accomplished a great deal. The Debtor has negotiated a sale of assets, and obtained an Orderapproving the sale of substantially all of its assets. The Debtorhas resolved contested claims with the secured and other creditorswhich will be satisfied through the proceeds of sale derived fromthe sale of their assets. The Debtor has been actively andconsistently engaged with creditors in an effort to keep an openline of communication as to the progress of this case.

The Debtor is current with Monthly Operating Reports and all otherobligations which have accrued since the Chapter 11 filing, withthe exception of accrued professional fees.

Beta filed the adversary proceeding against Aera Energy LLC, NobleEnergy, Inc., and SWEPI LP or the "Previous Owners" requesting anorder: determining that the funds within the Beta Trust areproperty of Beta's bankruptcy estate; determining that the PreviousOwners do not have a right to veto the Bureau of Ocean EnergyManagement's disbursement orders with respect to the Beta Trustfunds; declaring that the Previous Owners' Class 3B claims areunimpaired under Beta's chapter 11 plan; alternatively, determiningthat the plan provides the Previous Owners with the indubitableequivalent of their claims; disallowing the Previous Owners' claimsas contingent claims for reimbursement or contribution; andordering that the Previous Owners hold no claim against anyadditional security provided by Beta to BOEM in excess of the BetaTrust funds.

Beta subsequently filed a motion for partial summary judgmentseeking a determination of its claims, a determination that thePrevious Owners have no right to veto a direction given by BOEMwith respect to the substitution of current Beta Trust funds withperformance bonds by Beta, and an order requiring the PreviousOwners to execute or deliver any instrument required to effect atransfer of the funds.

The Previous Owners moved to dismiss Beta's complaint pursuant toFED. R. CIV. P. 12(b)(1), (6), and (7), arguing that: Beta'scomplaint does not fall within the Court's "arising under" or"arising in" jurisdiction; Beta released its claims within varioussettlement agreements; the Beta Trust funds are not property ofBeta's estate; the agreements related to the Beta Trust do notallow Beta to substitute the Trust's current funds without thePrevious Owners' consent; and that Beta failed to join BOEM as anecessary party.

Based upon the language within section 2.4(a) of the Beta TrustAgreement, as well as the status of the Previous Owners asnon-parties to the Beta Trust Agreement, the Court finds that thePrevious Owners may not unilaterally object to any approval by BOEMof a substitution of current Beta Trust funds with the proposedperformance bonds. When presented with Beta's proposal tosubstitute the current Beta Trust Funds, BOEM did not object nordid it seek the consent of the Previous Owners. The Previous Ownersthus lack the ability to object to Beta's proposed substitution andtheir Class 3B claims are left unimpaired by the proposedtransaction, which is to be completed only with BOEM's consent.

Thus, Beta's motion for partial summary judgment is granted in partbecause the rights of the Previous Owners are not impaired underthe confirmed plan. The Previous Owners' motions to dismiss aredenied.

US Trustee, U.S. Trustee, represented by Christine A. March, Officeof the US Trustee.

About Memorial Production Partners LP

Houston, Texas-based Memorial Production Partners LP --http://www.memorialpp.com/-- was a publicly traded partnership engaged in the acquisition, production and development of oil andnatural gas properties in the United States. MEMP's propertiesconsisted of mature, legacy oil and natural gas fields.

Memorial Production Partners LP, Memorial Production FinanceCorporation and their debtor-affiliates filed a Chapter 11 petition(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017. TheHon. Marvin Isgur presided over the cases.

At the time of filing, the Debtors had estimated assets of $1billion to $10 billion and estimated debts of $1 billion to $10billion.

* * *

On April 14, 2017, the Court entered an order approving the SecondAmended Joint Plan of Reorganization of Memorial ProductionPartners LP and its affiliated Debtors. On May 4, 2017, the Planbecame effective pursuant to its terms and the Debtors emerged fromthe Chapter 11 Cases.

In connection with the Chapter 11 Cases and the Plan, MEMP andcertain Consenting Noteholders effectuated certain restructuringtransactions, pursuant to which Amplify Energy Corp., a Delawarecorporation, acquired all of the assets of MEMP, and in accordancewith the Plan, MEMP will be dissolved. As a result, the Companybecame the successor reporting company to MEMP pursuant to Rule15d-5 of the Securities Exchange Act of 1934, as amended.

ANSONIA 1692: U.S. Trustee Unable to Appoint Committee------------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Ansonia 1692, LLC as of Jan.26, according to a court docket.

ARMSTRONG ENERGY: Wants to Maintain Plan Exclusivity Until June 29------------------------------------------------------------------Armstrong Energy, Inc., and its debtor affiliates filed with theU.S. Bankruptcy Court for the Eastern District of Missouri a motionseeking for 120-day extension the periods during which they havethe exclusive right to (a) file a chapter 11 plan, through andincluding June 29, 2018, and (b) solicit votes accepting orrejecting a plan, through and including Aug. 28, 2018, withoutprejudice to their right to seek further extensions.

A hearing on the Debtors' Motion will be held on Feb. 14, 2018 at11:00 a.m. (CT) and Feb. 7 has been set as the objection deadline.

The Debtors relate that they are only weeks away from the hearingto confirm their plan of reorganization, which is supported by thevast majority of the Debtors' stakeholders, including Committee andmore than 75% of the Debtors' senior secured noteholders.

The Plan provides for, among other things, the full and finalresolution of all funded debt obligations, wind down of theDebtors' businesses and affairs, substantial recoveries for theircreditors, and consummation of a sale transaction. As intended fromthe outset of these cases, the Debtors have moved expeditiously toeffectuate a sale of substantially all of their assets and reach aconsensual deal with stakeholders that eases the path toconfirmation and emergence. The Plan is the capstone of theDebtors' efforts and the foundation for an emergence contemplatedsince the beginning of these cases.

The confirmation timeline contemplates a confirmation hearingbeginning on February 2, 2018 and an anticipated effective dateapproximately two weeks thereafter, mirroring the milestonescontemplated by the Debtors' cash collateral order and plan supportagreement. Although the Debtors hope to have their Plan confirmedat the confirmation hearing, they file this motion out of anabundance of caution.

The Debtors' progress to date has been achieved in no small partdue to the breathing room provided by chapter 11. In the midst ofthe marketing and sale process, the Debtors believe thatmaintaining the exclusive right to file and solicit votes on achapter 11 plan is critical to consummating their chapter 11strategy.

As such, the Debtors assert that extending the Exclusivity Periodswill afford the Debtors and their stakeholders time to finish theirmarketing and sale process, negotiate and confirm a chapter 11plan, and proceed toward consummation of these chapter 11 cases inan efficient, organized fashion. Therefore, the Debtors request a120-day extension of the Exclusivity Periods to allow the Debtorsto focus on continuing to advance the process and to preclude thecostly disruption and instability that would occur if competingplans were to be proposed.

The Debtors contend that between now and the confirmation hearing,the Debtors will continue to work with all parties to ensure thatthe Plan is confirmed and that the Debtors will reach the effectivedate as contemplated. But should such efforts fail, extendedexclusivity will ensure that the Debtors' restructuring processcontinues to move forward without unnecessary disruption such thatthe Debtors can maximize value for all stakeholders and emerge fromchapter 11 efficiently.

About Armstrong Energy

Armstrong Energy, Inc., through its 100% wholly owned subsidiaryArmstrong Coal Company, Inc., is a producer of steam coal in theIllinois Basin. Armstrong -- http://www.armstrongenergyinc.com/-- controls over 565 million tons of proven and probable coal reservesand operates five mines in Western Kentucky. Armstrong ships coalto utilities via rail, truck and barge and has the capability toprovide low cost custom blend coal to fuel virtually any electricpower plant in the Midwest and Southeast regions of the nation. The Company employs approximately 600 individuals on a full-timebasis.

BARTLETT MGMT: Selling Riverside Restaurant Equipment for $75K--------------------------------------------------------------Bartlett Management Services, Inc. ("BMSI"), and affiliates ask theU.S. Bankruptcy Court for the Central District of Illinois toauthorize the sale of BMSI's restaurant equipment located at itslocation at 6566 East Riverside, Loves Park, Illinois, to IstrefSam Sabani for $75,000.

The Debtors consist of 33 current franchises of KFC Corp., thefranchisor of the Kentucky Fried Chicken quick-service restaurantchain that provides a diverse menu of chicken and related sidedishes and desserts. Each of the Debtors is a distinct franchiseeof the Franchisor, with each restaurant subject to its own,substantially similar, franchise agreement.

The Debtors lease 29 of their 33 locations. The Debtors' principalfinancial problem -- and the one leading to the filing of theseCases -- lies in the excessive and above-market rental rates thatthey are paying for many of their restaurant locations. Three ofthe Debtors' locations -- more specifically BMSI -- are subject tothe Master Lease ("NREH Locations").

The Machesney and Janesville locations long have operated at asignificant profit, whereas Riverside historically has served as asignificant cash drain on the Debtor. In late 2015, with theDebtor desperately in need of cash to continue operations, buthaving experienced significant sales growth that year, NREH agreedto purchase (and lease back) the NREH Locations from the Debtor.

The rent NREH charged for NREH Locations under the Master Leaserepresented fair market rates for the properties, but the partiesknew that Riverside would not be able to survive unless itexperienced significant sales growth in the coming years. Unfortunately, sales at Riverside did not increase sufficiencyduring 2016, and in late 2016, the Debtor began requesting thatNREH sell Riverside, remove it from the Master Lease, and therebyfree the Debtor of its obligations to pay rent for this location.

Meanwhile, in March 2017, while the NREH's efforts to sellRiverside were in progress, a fire destroyed the Machesneyrestaurant. Because Machesney and Riverside serve overlappingcustomer bases, sales at Riverside improved sufficiently after thefire for the Debtor to continue operating in the short run. Nevertheless, regardless of whether BMSI ultimately assumes orrejects the Master Lease, Riverside will require closure.

In September 2017, NREH located a third-party buyer for theRiverside property, and on Sept. 28, 2017, NREH entered into the REContract to sell the Riverside real property to the Purchaser byDec. 27, 2017. Because the Purchaser does not intend to continuethe location as a KFC, the Purchaser included as a (poorly draftedand ambiguous) Addendum to the RE Contract an agreement to theeffect that the Debtor would sell certain restaurant equipment tothe Purchaser for $75,000 (i.e., significantly above theliquidation value for the Equipment).

On Sept. 28, 2017, NREH and the Debtor entered into a formalContract for Purchase and Sale pursuant to which the Debtor was tosell the Equipment to the Purchaser for $75,000, also by Dec. 27,2017, and contingent on the sale of the Real Property. After NREHlearned from the Debtor that it could not complete the EquipmentSale by Dec. 27, 2017, NREH obtained from the Purchaser anextension of the RE Contract to Feb. 15, 2018, which the Purchaserconveyed to NREH was the latest date to which it would delay theclosing

Because the sale of the Equipment was a required aspect of the REContract, and because the Debtor likely would have needed theCourt's approval to amend the Equipment Agreement, the Debtorneither solicited nor signed a corresponding extension of theclosing date for the Equipment, but the Purchaser has agreed topurchase the Equipment for $75,000 so long as the transactionoccurs by Feb. 15, 2018.

Heartland Bank and Trust Co. ("HBT"), the Debtors' principalsecured lender, possesses a perfected security interest in all ofBMSI's personal property at Riverside; and HBT has agreed torelease its security interest and lien on the Riverside Equipment,with its liens to attach to the net proceeds of the sale of theEquipment.

Unfortunately, at the time of the filing of the Case, the Debtoromitted to advise the Debtor's counsel of the contemplatedRiverside sale. Nor did the Debtor make arrangements for theclosing of the Riverside location at the time of the sale. TheDebtor's counsel learned of the anticipated Equipment Agreement onDec. 12, 2017 and did not learn of the absence of arrangements forthe closingof the location until late in the first week of January 2018.

The Debtor had anticipated filing a motion to approve the EquipmentAgreement once the initial emergency motions were resolved, aCreditors' Committees were formed and, quite frankly, the Debtors'counsel had obtained some relief from the time pressures attendantto dealing with those motions, finalizing the voluminous schedulesand statements and completing the nearly as voluminous productionof materials for, and conducting of, the Initial Debtor Interviewwith the UST (on January 6).

Unfortunately, on the morning of Dec. 28, 2017, the Debtors'counsel suffered partial paralysis of his left arm, substantiallyimpairing his ability to type and write for approximately 10 days. Then, on Jan. 10, 2018, the Debtors' counsel learned, in a singlecall from relatives, that his uncle had died, that his father washaving heart surgery the following day. And although, ironically,counsel's arm condition prevented him from traveling to the EastCoast to be with his family, these events delayed his ability tofocus on the drafting of the Motion.

In any event, after explaining to the Debtor and NREH's counsel thevarious bankruptcy-related issue that the sales raise, NREH hasagreed, in the Amendment to Master Lease (a) that the pre-petitionproperty taxes owing from the Debtor to NREH will only be paid ifthe Debtor assumes the Master Lease' (b) that the Debtor will payno rent for February 2018; and and (c) that even if the sales failto close, the Debtor will owe no rent to NREH through and includingMay 2018.

The Debtor asks the Court to approve the sale of the Equipment inRiverside free and clear of liens, claims and interests, with theliens against such Equipment to attach to the net sale proceeds. It further asks the Court to approve an amendment to the MasterLease governing Riverside to allow for the concurrent sale of boththe Equipment, and the sale of Riverside (and various concessionsby the owner/lessor of the Riverside location.

The Debtor asks the Court to schedule a hearing on the Motion -- bywhich any objection may be filed or presented orally -- for Feb. 6,2018, concurrently with the hearing on Debtors' Hybrid Section 363and 327(b) Motion to Continue Employment of Outside Accounting andFinancial Advisory Firm, so that BMSI may close the sale by theFeb. 15, 2018, closing deadline.

The proceeds of the sale will reduce the Debtors' obligation to HBTat a price that is substantially above fair market value for theEquipment. Accordingly, it asks the Court to approve the reliefsought.

Finally, the Debtor asks the Court to waive the stay period underRule 6004(h).

A copy of the Agreement and the Lease attached to the Motion isavailable for free at:

Bartlett estimated $1 million to $10 million in assets and $10million to $50 million in liabilities.

The Hon. Mary P. Gorman presides over the cases.

Jonathan A Backman, Esq., at the Law Office of Jonathan A. Backman,serves as bankruptcy counsel to the Debtors. The Debtors alsohired Valenti Florida Management, Inc., as accountant and financialadvisor, Steven A. Nerger of Silverman Consulting, Inc., as chiefrestructuring officer.

On Jan. 8, 2018, the Office of the United States Trustee appointedan Unsecured Creditors' Committee in each of the three cases. OnJan. 19, 2018, counsel filed appearances on behalf of all threeCommittees.

Berry intends to use the net proceeds from the offering to pay downborrowings under its revolving credit facility and for generalcorporate purposes.

"Berry Petroleum benefits from a durable asset base in Californiaand low leverage, but has a concentrated production portfolio andmodest scale," stated James Wilkins, Moody's Vice President.

The following summarizes the ratings activity.

Ratings Assigned:

-- Issuer: Berry Petroleum Company, LLC

-- Corporate Family Rating, Assigned B2

-- Probability of Default Rating, Assigned B2-PD

-- $350 million Senior Unsecured Regular Bond/Debenture, Assigned

B3 (LGD5)

Outlook actions

-- Outlook, assigned Stable

RATINGS RATIONALE

Berry's B2 CFR is constrained by its modest size, limited assetdiversification, customer concentration and relatively high costproduction using thermal oil recovery. The company benefits fromlow leverage, and a steady but growing production profile in thelow-decline oil assets in California's San Joaquin Basin. Moody'sexpect Berry will modestly grow its production volumes whileinternally funding capital expenditures. Leverage is low (asmeasured by asset coverage of debt, PV-10 as of November 30, 2017to Debt of 2.8x) and is expected to remain so, supported bymanagement's conservative financial policy (the company targets along-term, through the cycle leverage ratio between 1.5x and 2.0x)and positive free cash flow generation.

The $350 million senior unsecured notes are rated B3, one notchbelow the B2 Corporate Family Rating (CFR), consistent with Moody'sLoss Given Default Methodology. The notching reflects the notes'more junior priority of claim on assets relative to the largelyundrawn $412.5 million secured revolver debt and the amount ofsecured debt. If Berry increases the size of its bank creditfacility, the notes could be downgraded and double notched. Moody'sexpect Berry to redeem the perpetual preferred equity ($358 millionas of January 31, 2018), which yields 6%, but do not expect thecompany to significantly increase its leverage in doing so.

The notes and revolver are guaranteed by Berry Petroleum Company,LLC's parent, Berry Petroleum Corporation. Berry Petroleum Company,LLC does not have any subsidiaries, but in the future restrictedsubsidiaries of Berry Petroleum Corporation will guarantee thenotes.

Berry has good liquidity supported by cash flow from operations andundrawn borrowing capacity under its revolving credit facility due2022. Moody's expects the company to target a moderate growthprofile such that it produces breakeven or positive free cash flow.As of September 30, 2017, the revolver had a borrowing base of $500million (which will be reduced to $412.5 million following the $350million notes offering) and approximately $360 million ofavailability, pro forma for the notes offering and considering $21million of outstanding letters of credit. The revolving creditfacility has two maintenance financial covenants -- a maximumleverage ratio of 4.0x and minimum current ratio of 1.0x. Moody'sexpects Berry to remain well within the stated covenants through2018. The company has no near-term debt maturities.

The stable outlook reflects Moody's expectation that Berry willfund its capital spending within internally generated cash flow asit grows production modestly. An upgrade could be considered ifBerry achieves production volumes of 40 Mboe/d while maintainingstrong financial metrics. The ratings may be downgraded if thecompany's retained cash flow to debt appears likely to fall below15%, capital efficiency deteriorates, or leverage meaningfullyincreases.

The principal methodology used in these ratings was IndependentExploration and Production Industry published in May 2017.

Berry Petroleum Company, LLC, headquartered in Bakersfield,California, is an independent oil & gas exploration and productioncompany with operations focused in California's San Joaquin Basinthat account for roughly 70% of its production and 90% of its PV-10value as well as operations in Utah, Colorado and Texas. Oilcomprises about 80% of production.

BILLNAT CORP: $347K Sale of Vehicles & FF&E to Hilco Approved-------------------------------------------------------------Judge Maria L. Oxholm of the U.S. Bankruptcy Court for the EasternDistrict of Michigan authorized BillNat Corp.'s sale of vehicles,furniture, fixtures, and equipment at the "File Buy Locations"where the Debtor still has lease obligations to Hilco FixtureFinders, LLC, for $86,500, plus 50% of all Gross Proceeds in excessof $260,000.

The sale is free and clear of any and all Liens, Claims, andEncumbrances, with all such Liens Claims, and Encumbrances toattach only to the proceeds of the Sale Assets.

The sale approved by the Order is not subject to avoidance or anyrecovery or damages pursuant to section 363(n) of the BankruptcyCode. Hilco and the Debtor will have no obligation to proceed withthe Closing until all conditions precedent to their respectiveobligations to do so have been met, satisfied, or waived as setforth on the Hilco Agreement.

The Debtor is authorized to assume the Hilco Agreement pursuant tosection 365(a) of the Bankruptcy Code.

Notwithstanding Bankruptcy Rules 6004 and 6006, the Order will beeffective and enforceable immediately upon entry and its provisionswill be self-executing. Time is of the essence in closing the salereferenced, and the Debtor and Hilco intend to close the sale assoon as practicable.

If and to the extent that Section 362 may be applicable to aparticular action in connection with the Hilco Agreement and sale,the automatic stay pursuant to section 362 of the Bankruptcy Codeis lifted with respect to the Debtor to the extent necessary,without further order of the Court, to allow Hilco to deliver anynotice provided for in the Hilco Agreement and allow Hilco to takeany and all actions permitted under the Hilco Agreement inaccordance with the terms and conditions thereof.

About BillNat Corp.

BillNat Corporation operates 20 retail pharmacies from leasedfacilities in Southern Michigan under the name "Sav-On Drugs". Itwas solely owned by Mr. William G. Newman until all of its capitalstock was acquired by the Frank W. Kerr Company in exchange for Mr.Newman receiving additional shares of Kerr in a transaction thatclosed in August 2015, but was retroactively effective as of Dec.15, 2014.

BLINK CHARGING: Files 6th Amendment to 4.6M Units Prospectus------------------------------------------------------------Blink Charging Co. filed with the Securities and ExchangeCommission an amendment no.6 to its Form S-1 registration statementin connection with a firm commitment public offering of 4,600,000units, each unit consisting of one share of its common stock,$0.001 par value per share, and one warrant to purchase one shareof Common Stock, of Blink Charging Co., based on the last reportedprice of the Common Stock as reported on the OTC Pink CurrentInformation Marketplace on Jan. 11, 2018, which was $5.00 pershare. The warrants included within the units are exercisableimmediately, have an exercise price of $___ per share, 150% of thepublic offering price of one unit, and expire five years from thedate of issuance.

The units will not be issued or certificated. Purchasers willreceive only shares of Common Stock and warrants. The shares ofCommon Stock and warrants may be transferred separately,immediately upon issuance. The offering also includes the sharesof Common Stock issuable from time to time upon exercise of thewarrants.

Blink Charging's Common Stock is presently quoted on the OTC PinkCurrent Information Marketplace under the symbol "CCGI". The lastreported sales price for the Company's Common Stock as reported onthe OTC Pink Current Information Marketplace on Jan. 24, 2018 was$7.00. The Company has applied to have its Common Stock andwarrants listed on The NASDAQ Capital Market under the symbols"BLNK" and "BLNKW," respectively, which listing it expects to occurupon consummation of this offering and is a condition of thisoffering. No assurance can be given that our application will beapproved. There is no established public trading market for thewarrants. No assurance can be given that a trading market willdevelop for the warrants.

A full-text copy of the Form S-1/A is available for free at:

https://is.gd/pwO1Zc

About Blink Charging Co.

Based in Miami Beach, Florida, Blink Charging Co. (OTC: CCGID),formerly known as Car Charging Group, Inc. --http://www.CarCharging.com/, http://www.BlinkNetwork.com/,and http://www.BlinkHQ.com/-- is a national manufacturer of public electric vehicle (EV) charging equipment, enabling EV drivers toeasily charge at locations throughout the United States. Headquartered in Florida with offices in Arizona and California,Blink Charging's business is designed to accelerate EV adoption. Blink Charging offers EV charging equipment and connectivity to theBlink Network, a cloud-based software that operates, manages, andtracks the Blink EV charging stations and all the associated data. Blink Charging also has strategic property partners across multiplebusiness sectors including multifamily residential and commercialproperties, airports, colleges, municipalities, parking garages,shopping malls, retail parking, schools, and workplaces.

The Company's name change to Blink Charging from Car ChargingGroup, Inc., integrates the Company's largest operating entity,Blink Network, and represents the thousands of Blink EV chargingstations that the Company owns and/or operates, and the Blinknetwork, the software that manages, monitors, and tracks the BlinkEV stations and all its charging data.

Car Charging reported a net loss attributable to commonshareholders of $9.16 million for the year ended Dec. 31, 2016,compared with a net loss attributable to common shareholders of$9.58 million for the year ended Dec. 31, 2015. As of Sept. 30,2017, Blink Charging had $1.90 million in total assets, $67.79million in total liabilities, $825,000 in series B convertiblepreferred stock, and a $66.71 million total stockholders'deficiency.

Marcum LLP, in New York, issued a "going concern" qualification onthe consolidated financial statements for the year ended Dec. 31,2016, citing that the Company has incurred net losses sinceinception and needs to raise additional funds to meet itsobligations and sustain its operations. These conditions raisesubstantial doubt about the Company's ability to continue as agoing concern.

BLUE CHIP VENTURES: Taps Hilco as Real Estate Advisor-----------------------------------------------------Blue Chip Ventures LLC seeks approval from the U.S. BankruptcyCourt for the Southern District of New York to hire Hilco RealEstate LLC as its real estate advisor.

The firm will assist the company and its affiliate Red ChipVentures Inc. in marketing and selling three contiguous empty lotsin Manhattan.

The proceeds of the purchase price remaining after payment ofHilco's fee will be allocated between the estates of Blue ChipVentures and Red Chip Ventures, which filed a separate Chapter 11case.

Under the services agreement, Hilco will advance a marketinginvestment budget of up to $21,521 to market the properties andwill be paid a buyer's premium of 5% of the purchase price for theproperties but will receive a commission of only 1% of any creditbid. Moreover, the firm will be reimbursed its marketing expensesactually expended only if there is no sale of the properties, theproperties are sold through a successful credit bid, or the auctionis cancelled.

Jeff Azuse, senior vice-president of Hilco, disclosed in a courtfiling that his firm is a "disinterested person" as defined insection 101(14) of the Bankruptcy Code.

CARAUSTAR INDUSTRIES: Moody's Cuts CFR to B3 on Limited Liquidity-----------------------------------------------------------------Moody's Investors Service downgraded the corporate family rating ofCaraustar Industries, Inc. to B3 from B2 and the probability ofdefault rating to B3-PD from B2-PD. Moody's also downgradedinstrument ratings. The downgrade reflects Moody's expectations oflimited liquidity and leverage that will likely remain above 6times in 2018 given Moody's view that recycled fiber prices will beon average unchanged in 2018 compared to 2017, while the companywill realize only a portion of the announced price increaseslimiting potential EBITDA and free cash flow improvement in 2018.The ratings outlook is stable.

The downgrade to B3 reflects weak credit metrics and negative freecash flow in 2017 due to a rise in raw material costs andexpectations that leverage will remain over 6 times in 2018 despitesome recent positive developments in the recycled board market.Average prices for a benchmark recycled fiber grade used byCaraustar to make its paperboard - old corrugated containers (OCC)- increased 50% in 2017, driven by strong domestic demand and a runup in Chinese demand ahead of its implementation of tighterenvironmental rules for recycled fiber imports. Although OCC pricesdeclined at the end of 2017, Moody's expect average prices in 2018will be in line with 2017. Moody's expect the company to realize aportion of the price increases announced by recycled boardproducers, but Moody's expect leverage to remain above 6 times in2018. Moody's expect the company generate a modest amount of freecash flow and maintain adequate, but rather weak, liquidity overthe next 12 months

Caraustar's B3 corporate family rating reflects weak credit metricsand potential earnings volatility due to exposure to volatilerecycled fiber costs. The rating also reflects limited productdiversity with concentration in the recycled paperboard industrythat faces low organic growth rates and therefore may experiencepricing pressures. Caraustar benefits from its position as thesecond largest producer of uncoated recycled paperboard (URB) inNorth America, which converts roughly 40% of the board it produces.With low organic growth rates and private-equity ownership thecompany has supplemented its growth with acquisitions and capitalinvestments and does not have a history of consistent debtpaydown.

The stable outlook reflects Moody's expectations that averagerecycled fiber costs will remain flat year-on-year in 2018, but thecompany will improve its earnings and free cash flow through priceincreases.

To achieve an upgrade, the company needs to reduce debt-to-EBITDAto below 5.5 times and improve its liquidity.

The ratings could be downgraded if recycled fiber costs rise in2018 and credit metrics fail to improve. Specifically, the ratingcould be downgraded if free cash flow remains negative in 2018 andleverage remains above 6.5 times. Any deterioration in liquiditywould also pressure the rating. The rating could also be downgradedif the company pursues a significant debt-financed acquisition ordividend recapitalization while its metrics are stretched.

The principal methodology used in these ratings was Global Paperand Forest Products Industry published in October 2013.

Business Description: Carolei Realty LLC, a privately held company, listed its business as a Single Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). The company owns in fee simple a real property located at 800

CINEVIA CORPORATION: Hires Cerrato Zeballos as Accountant---------------------------------------------------------Cinevia Corporation seeks authority from the U.S. Bankruptcy Courtfor the District of Puerto Rico to employ Ronald F. CerratoZeballos, as accountant to the Debtor.

Cerrato Zeballos will also be reimbursed for reasonableout-of-pocket expenses incurred.

Ronald F. Cerrato Zeballos, assured the Court that the firm is a"disinterested person" as the term is defined in Section 101(14) ofthe Bankruptcy Code and does not represent any interest adverse tothe Debtor and its estates.

S&P said, "Our 'B+' issue-level rating on CITGO Petroleum's seniorsecured debt is also unchanged. The recovery rating on the debtremains '1', which indicates the likelihood of very high (90%-100%;rounded estimate: 95%) recovery following a default. Finally, our'B-' issue-level rating on CITGO Holding's outstanding seniorsecured debt due 2018 and 2020 is unchanged. The recovery rating is'3', reflecting our expectation for meaningful (50%-70%; roundedestimate: 55%) recovery in the event of default. The issue-levelratings remain on CreditWatch with developing implications where weplaced them on Dec. 7, 2017."

CITGO Petroleum owns three refining assets with a combinednameplate capacity of 749,000 barrels per day--two in the GulfCoast and one near Chicago--that have collectively the highestcomplexity ratings of all U.S. refiners. Petroleum also owns andoperates an extensive distribution network of 33 refined productterminals with a storage capacity of 8.9 million barrels in theeastern and upper Midwest regions as well as having equityownership of an additional 10 terminals with 3.9 million barrels ofstorage capacity and supplies fuels to about 5,300 branded (butindependently owned) retail gas stations in the eastern and upperMidwest regions of the U.S.

S&P said, "The 'B-' rating on CITGO is a result of our assessmentthat CITGO is an "insulated subsidiary" of PDVSA under our grouprating methodology. In cases where the rating on the parent is inthe 'CCC' category (or lower as it is here), our group ratingmethodology caps the rating of the insulated subsidiary at 'B-' ifwe believe the subsidiary will not be included in a potentialbankruptcy of its parent. The rating of an insulated subsidiary isusually one notch above the rating of the parent, so the rating onCITGO will not go up, absent any change in ownership, until PDVSAis rated at least 'B-' itself.

"Our ratings on CITGO would likely be higher were it no longerowned by PDVSA. This is represented by the stand-alone creditprofile (SACP) or 'b+', which is S&P Global Ratings' assessment ofCITGO's creditworthiness absent any impact from the credit qualityof its owner."

CreditWatch with developing implications means that there is a highlikelihood of a rating action, either negative or positive, withinthe next 90 days. Events that would lead to a negative ratingaction would include PDVSA seeking bankruptcy protection that acourt agrees must include CITGO or the government of Venezuelataking an action that has a negative impact on the operationalcapability of CITGO, such as forcing an asset sale that alters thecash flow profile of the company. While the relevant creditdocuments governing CITGO's debt greatly limit any sale of assetsand payment to PDVSA of the resulting proceeds, PDVSA's 100%control of CITGO and extremely difficult financial position provideincentive for PDVSA to try to monetize assets at CITGO in someway.

Given the immediate need for cash in Venezuela, there is a chancethat PDVSA may seek to sell CITGO, which would lead to an upgrade,at least to its current stand-alone credit profile of 'b+' andpotentially higher depending on the linkage between CITGO and thebuyer.

Given the overhang of PDVSA's ownership and the current politicalsituation in Venezuela, we believe that there is a somewhat greatlikelihood of a negative rating action than a positive one.However, it is important to stress that it is difficult to knowwith any certainty what is happening in Venezuela, the motivationsof the relevant parties, and any potential end game.

COCRYSTAL PHARMA: Effects 1-for-30 Reverse Common Stock Split-------------------------------------------------------------The Board of Directors of Cocrystal Pharma, Inc. filed an amendmentwith the Delaware Secretary of State to effect a one-for-30 reversesplit of the Company's class of Common Stock. The Amendment tookeffect on Jan. 24, 2018. No fractional shares will be issued ordistributed as a result of the Amendment. In lieu of issuingadditional shares, all shareholders who would be entitled toreceive one or more fractional shares as a result of the reversestock split will receive cash payment for their fractional shares. There was no change in the par value of its common stock.

About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,Inc., is a pharmaceutical company with a mission to discover novelantiviral therapeutics as treatments for serious and/or chronicviral diseases. Based in Tucker, Georgia, Cocrystal Pharma employsunique technologies and Nobel Prize winning expertise to createfirst- and best-in-class antiviral drugs. These technologies andthe Company's market-focused approach to drug discovery aredesigned to efficiently deliver small molecule therapeutics thatare safe, effective and convenient to administer.

The report from BDO USA, LLP, in Seattle, Washington, the Company'sindependent registered public accounting firm for the year endedDec. 31, 2016, included an explanatory paragraph stating that thatthe Company has suffered recurring losses from operations and hasan accumulated deficit that raise substantial doubt about itsability to continue as a going concern.

Cocrystal Pharma reported a net loss of $74.87 million in 2016, anet loss of $50.12 million in 2015 and a net loss of $99,000 in2014. As of Sept. 30, 2017, Cocrystal Pharma had $122.3 million intotal assets, $22.25 million in total liabilities and $99.99million in total stockholders' equity.

COMPREHENSIVE VASCULAR: Needs More Time to Market Office Building-----------------------------------------------------------------Comprehensive Vascular Surgery of Georgia, Inc., asks the U.S.Bankruptcy Court for the Northern District of Georgia to furtherextend the Debtor's exclusive periods during which only the Debtorcan file a plan of reorganization and solicit acceptance of theplan to and including March 30, 2018, and May 30, 2018,respectively.

A hearing to consider the Debtor's request is set for Feb. 18,2018, at 10:30 a.m.

As reported by the Troubled Company Reporter on Dec. 18, 2017, theCourt previously extended the exclusive periods for filing a planof reorganization and soliciting acceptances to the plan to Feb.24, 2018, and April 25, 2018, respectively.

The Debtor says that though this case is not overly large orcomplex, the case involves a medical practice that is veryimportant to the patients and communities it serves, as well as toits employees. The Debtor has made significant progress in thiscase. Over the ten months the case has been pending, the Debtorhas continued its operations, is paying its administrative debts asthey come due, is paying its employees, and has made substantialprogress negotiating with its creditors toward the overall goal ofconfirming a Chapter 11 plan.

The Debtor submits that it will require additional time than isafforded by the present Exclusive Periods to accomplish that goal.

The Debtor previously advised that it expected to soon file amotion for authority to sell its medical office building -- theDebtor's principal tangible asset -- the proceeds of which wereanticipated to satisfy all claims against the Debtor. Unfortunately, that sale did not proceed as expected, but theDebtor is continuing in its efforts to sell the building, and isotherwise continuing in its negotiations with creditors. Accordingly, the Debtor is making good faith progress towardreorganization, and is demonstrating reasonable prospects forfiling a viable plan.

The Debtor assure the Court that it is not seeking this extensionto put pressure on its creditors, but rather needs more time thanis afforded by the current Exclusive Periods to market and sell itsmedical office building, continue negotiations with creditors,obtain adequate information for a plan, and to prepare appropriatecourt filings for a plan.

COMSTOCK RESOURCES: Reports 27% Growth in Proved Oil & Gas Reserves-------------------------------------------------------------------Comstock Resources, Inc., announced that its proved oil and naturalgas reserves as of Dec. 31, 2017 were estimated by its independentpetroleum engineering firm at 7.6 million barrels of crude oil and1,117 billion cubic feet ("Bcf") of natural gas or 1,162 billioncubic feet of natural gas equivalent ("Bcfe") as compared to totalproved reserves of 916 Bcfe as of Dec. 31, 2016. Comstock replacedits 2017 production by 387% and grew its proved reserves by 27%.

Of the proved reserves at Dec. 31, 2017, 41% are classified asproved developed and 98% are operated by Comstock. The presentvalue, using a 10% discount rate, of the future net cash flowsbefore income taxes of the proved reserves (the "PV-10 Value") wasapproximately $866 million, using average first of the month 2017prices of $2.88 per Mcf for natural gas and $48.71 per barrel foroil. The PV-10 Value increased 101% from 2016's PV-10 Value of$431 million. The oil and natural gas prices used in determiningthe 2017 year-end proved reserve estimates were 30% higher for oiland 26% higher for natural gas as compared to 2016 average prices.

The following table reflects the changes in the proved reserveestimates since the end of 2016:

Comstock produced 79 Bcfe or 217 million cubic feet equivalent("MMcfe") per day during 2017. Natural gas production in 2017 grewto 73.5 Bcf while oil production decreased to 951,000 barrels. TheCompany's natural gas production increased 46% from 2016'sproduction pro forma for the divestitures that occurred in 2016. Natural gas comprised 93% of Comstock's 2017 total production ascompared to 87% in 2016. Production in the fourth quarter of 2017was 23.5 Bcfe or 255 MMcfe per day which was comprised of 2,319barrels of oil per day and 241 MMcf of natural gas per day. Fourthquarter natural gas production increased 90% from 2016 fourthquarter production pro forma for the divestitures in 2016.

The significant growth in production and proved reserves isattributable to the Company's successful Haynesville shale drillingprogram in 2017. Comstock added 292 Bcfe of new reserves primarilyrelated to its Haynesville shale properties. In addition, theCompany experienced 41 Bcfe in upward revisions due to improved oiland gas prices and strong well performance in 2017. The 2017proved reserve estimates include only 83 (61 net) provedundeveloped locations.

Comstock spent $174.6 million for its development activities in2017 and an additional $4.2 million on new Haynesville shale leasesto be developed in the future. Based on the 2017 proved reserveadditions, Comstock's "all-in" finding costs were approximately 54cents per Mcfe.

The Company's Eagle Ford shale properties in South Texas, which arecurrently being marketed for divestiture, comprise 7.1 millionbarrels of oil and 10.5 Bcf of natural gas of the proved reservesat Dec. 31, 2017 and had a PV-10 Value of $109 million. Theproceeds for the potential divestiture of these assets are expectedto be used to reduce debt and facilitate a refinancing of theCompany's existing debt.

About Comstock Resources

Comstock Resources, Inc. -- http://www.comstockresources.com/-- is an independent energy company based in Frisco, Texas and is engagedin oil and gas acquisitions, exploration and development primarilyin Texas and Louisiana. The Company's stock is traded on the NewYork Stock Exchange under the symbol CRK.

Comstock incurred a net loss of $135.1 million in 2016, a net lossof $1.0 billion in 2015, and a net loss of $57.11 million in 2014.As of Sept. 30, 2017, Comstock Resources had $899.6 million intotal assets, $1.22 billion in total liabilities and a totalstockholders' deficit of $328.44 million.

* * *

In September 2016, S&P Global Ratings raised its corporate creditrating on Comstock Resources to 'CCC+' from 'SD' (selectivedefault). The 'CCC+' corporate credit rating reflects S&P's viewthat the company's debt levels are unsustainable under its currentprice assumptions.

The sale is free and clear of all liens, claims, encumbrances, andinterests.

The Court further granted authority for the following payments tobe made out of the sales proceeds contemporaneous with makingpayment to the respective Secured Creditors: (i) applicable realestate agent commissions; (ii) closing costs; (iii) the ad valoremproperty taxes associated with the Real Property for tax year 2017only; (iv) U.S. Trustee Quarterly Fees and bank fees associatedwith the sale; and (v) the attorney's fees in the amount of $1,000incurred by the Debtor's counsel associated with the sale andconveyance of title to the Buyers.

The Attorney's fees associated with sale of $1,000 to QuillingSelander Lownds Winslett & Moser, P.C. are to be held in its trustaccount pending further order of this court. The Order is withoutprejudice to QSLW&M seeking approval of attorney fees in excess of$1,000 for services rendered to the Debtor in obtainingauthorization of the sale.

At closing, Southwest Bank will be paid directly by the closingagent and will release its deed of trust lien upon the RealProperty upon receipt of payment. The closing agent is authorized,and ordered to pay at closing the funds remaining after the Costsof Sale directly to Southwest Bank. Southwest Bank will providepayment delivery information to the closing agent.

Notwithstanding anything else in the Order, the liens that secureall amounts owed for year 2018 ad valorem property taxes, includingany penalties and interest that may accrue, will remain attached tothe Real Property and become the responsibility of the Buyers.

Pursuant to Bankruptcy Rule 6004(h), the Order will not be stayedfor 14-days after entry, and notwithstanding any provision of theBankruptcy Code or Bankruptcy Rules to the contrary, the Order willbe effective and enforceable immediately upon entry. Accordingly,the Debtor may close the sale of the Real Property immediately uponthe entry of the Order.

About Coolwater Estates

Coolwater Estates, LLC, sought protection under Chapter 11 of theBankruptcy Code (Bankr. N.D. Tex. Case No. 17-34460) on Dec. 1,2017. Judge Stacey G. Jernigan presides over the case. At thetime of the filing, the Debtor estimated assets of less than $1million and liabilities of less than $500,000. The Debtor tappedChristopher J. Moser, Esq., at Quilling, Selander, Lownds, Winslett& Moser, P.C., as legal counsel.

COPPER CHIMNEY: U.S. Trustee Unable to Appoint Committee--------------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Copper Chimney, Inc., as ofJan. 26, according to a court docket.

About Copper Chimney Inc.

Copper Chimney, Inc., d/b/a Copper Chimney Indian Cuisine, filed aChapter 11 bankruptcy petition (Bankr. S.D. Fla. Case No. 17-24755)on December 12, 2017. At the time of the filing, the Debtordisclosed that it had estimated assets and liabilities of less than$50,000.

Judge Robert A. Mark presides over the case. The Debtor hired MarkS. Roher, P.A., as its bankruptcy counsel.

COPSYNC INC: Court Extends Exclusivity Period Through March 30--------------------------------------------------------------Judge Jerry A. Brown of the U.S. Bankruptcy Court for the EasternDistrict of Louisiana has extended the COPsync, Inc.'s exclusivityperiods within which to file the plan of reorganization throughMarch 30, 2018, and within which to obtain confirmation andacceptance of the plan of reorganization through May 27, 2018.

The Troubled Company Reporter previously reported that the COPsyncsought for a 60-day extension of the exclusive periods becauseCOPsync's plan is due to be filed on January 29, 2018 and must beconfirmed and/or accepted by March 28, 2018.

The Debtor related that this chapter 11 case involves therestructuring of over $13 million in prepetition debt obligations. In addition, as has been detailed in prior filings with the Courtand testimony elicited in hearings in this Case, many of theDebtor's managers as of the Petition Date were relatively new tothe company. This made an otherwise potentially streamlinedprocess very complex and, at times, arduous. It took several monthsof review and work for the Debtor to finalize its Amended Schedulesand Statement of Financial Affairs (filed on Dec. 18, 2017). TheDebtor also completed a sale of many of its assets, which saleclosed in late November.

The Debtor told the Court that it has already completed a sale ofmany of its assets. The Debtor is proceeding expeditiously towardconfirmation of a Plan which would liquidate the remainder of itsassets, including certain claims which the Debtor believes itholds. The Debtor is in the process of vetting special counsel,and intends to file a plan which will incorporate a litigationtrustee to pursue these claims in favor of the Debtor's Estate.

As such, the Debtor needed time to file its anticipated applicationto employ special counsel to pursue certain claims of the Debtorand to continue its review of the claims which have been and are tobe filed. The Bar Date is Jan. 17, 2018, and for governmentalunits it is March 28, 2018. Providing the Debtor the timerequested herein will permit the Debtor to provide its creditorsbetter information in the Disclosure Statement and Plan.

Accordingly, the Debtor requested additional time to determine andanalyze the amounts and documentation of the proof of claims thatare filed prior to the Jan. 17, and March 28, 2018 deadline in theorder to properly reflect information in the preparation of thedisclosure statement and plan of reorganization regardingclassification of the claims and sufficient funding around which aplan would be based.

The Debtor believed there will be little prejudice to Creditors, asthe Debtor is operating on a very lean staff and solely for thepurpose of preparing and filing this Plan and DisclosureStatement.

Further, the Debtor asserted that extending the Exclusivity Periodswill actually benefit creditors by avoiding the drain on estateassets attendant to the costs and expense incurred in preparing andserving a Disclosure Statement and Plan that would requiremodifications. Allowing the Debtor to remain the sole potentialplan proponent facilitates this possibility. The relief willbenefit the Debtor's estate, its creditors, and other key partiesin interest.

About COPsync

COPsync, Inc. was created in 2005 as a "software for a service" or"SaaS" platform for law enforcement to share real-time informationamongst counties, agencies, and departments. It was created inresponse to the 2000 death of one of COPsync's co-founders'colleagues and friends, Texas Department of Public Safety TrooperRandy Vetter, who was killed making what he believed to be aroutine traffic stop for a seatbelt violation. The Company'sproducts include nationally shared network of law enforcementinformation COPsync Network, software-driven in-car HD video systemVidtac, real-time threat alert system COPsync911, and courtbuildings security provider COURTsync.

COPsync completed a $10.6 million equity financing capital raise inNovember 2015 and became listed on the Nasdaq Capital Marketexchange (COYN).

CRAPP FARMS: Sale of Approx. 3,072 Pigs to Noble for $73 Each OK'd------------------------------------------------------------------Judge Susan V. Kelley of the U.S. Bankruptcy Court for the WesternDistrict of Wisconsin authorized Crapp Farms Partnership's sale ofapproximately 3,072 head of pigs of various ages and weights toDoug Noble for $72.50 each.

The sale is free and clear of all liens, claims, or encumbrances.

The lien of BMO Harris, N.A., the Debtor's prepetition securedlender, will attach to the sale proceeds from the sale of the Pigs,and the sale proceeds will be paid directly to BMO in such a manneras BMO specifically designates.

The Debtor will file an accounting of the net sale proceeds fromthe sale of the Pigs within 30 days of the closing of the sale, andwill also provide the accounting in the applicable MonthlyOperating Report filed by the Debtor.

The 14-day stay of the Order authorizing the sale of the Pigspursuant to 6004(h) is waived and will not be enforced.

The Debtor is authorized to assume the Producer's Hog ProcurementAgreement originally dated Aug. 1, 2012 between the Debtor and BigStone Marketing, LLC; and to assign all of its rights and interestsunder the Producer's Agreement to the Buyer. The Debtor willexecute any documents necessary to effectuate its assignment of theProducer's Agreement to the Buyer.

About Crapp Farms Partnership

Crapp Farms Partnership is a large farming operation that includesgrowing and selling crops, raising livestock, and providing farmtrucking and excavating services to third-party customers. Thefarming operation is located in Potosi, Wisconsin.

Crapp Farms sought protection under Chapter 11 of the BankruptcyCode (Bankr. W.D. Wis. Case No. 17-11601) on May 3, 2017. In thepetition signed by Darell C. Crap, partner, the Debtor estimatedits assets and debt at $10 million to $50 million.

On June 5, 2017, the Office of the U.S. Trustee appointed anofficial committee of unsecured creditors. The Creditors Committeeis represented by Matthew E. McClintock, Esq., at Goldstein &McClintock, LLLP.

CS360 TOWERS: Trustee's Sale of Condo Unit for $440K Okayed-----------------------------------------------------------Judge Robert S. Bardwil of the U.S. Bankruptcy Court for theEastern District of California authorized Bradley Sharp, theappointed Chapter 11 Trustee of CS360 Towers, LLC, to sell the realproperty colloquially known as Condominium Unit 609 in the buildinglocated at 500 N Street, Sacramento, California to Tom Fante andAnita Fante for $440,000.

A hearing on the Motion was held on Jan. 17, 2018 at 10:00 a.m.

The Trustee is authorized to pay the following claims at closing ofthe sale: (1) Net Sale Proceeds to Passi Realty, LLC in partialsatisfaction of the Passi note secured by a deed of trust recordedagainst the Sale Assets; (2) the payments. The Trustee, and anyescrow agent upon the Trustee's written instruction, will beauthorized to make such disbursements on or after the closing ofthe sale as are required by the purchase agreement or order of theCourt, including, but not limited to, (a) all delinquent realproperty taxes and outstanding post-petition real property taxespro-rated as of the closing with respect to the real propertyincluded among the purchased assets; and (b) the closing costsidentified in Exhibit B to the Exhibit List submitted with theMotion, including broker commissions, and (c) $30,000 directly tothe bankruptcy estate.

The sale is free and clear of the liens, claims or interests. Except as otherwise provided in the Motion, the Sale Assets will besold, transferred, and delivered to Buyer on an "as is, where is"or "with all faults" basis. The holder of the Passi Lien hasconsented to the sale. Passi Realty will retain any liens or deedsof trust on property other than the Sale Assets and any defeciencyclaim that it may have.

The Buyer has not assumed any liabilities of the Debtor.

The Order will be effective immediately upon entry. No automaticstay of execution, pursuant to Rule 62(a) of the Federal Rules ofCivil Procedure, or Bankruptcy Rules 6004(h) or 6006(d), applieswith respect to the Order.

Bradley Sharp was appointed as Chapter 11 Trustee for the estate ofCS360 Towers, LLC pursuant to order of the court dated March 15,2017. The assets of the estate include condominium units (bothresidential and commercial) in the building located at 500 N.Street, Sacramento, California, and various claims and causes ofaction.

The sale is free and clear of the following liens, claims orinterests: (i) the obligation referenced by and the deed of trustrecorded as Book 20110901 Page 0475 with the Sacramento CountyRecorder, in favor of Karina Vaysman, a married woman, asbeneficiary; and (ii) the obligations referenced by and the deedsof trust recorded as Book 20111109 Page 0243, Book 20120117 Page0931, Book 20120127 Page 0451, with the Sacramento County Recorder,in favor of Michael Gilles, a married man, as beneficiary.

Unless the holders of the liens, claims or interests identifiedhave agreed to other treatment, their liens, claims or interestswill attach to the Proceeds of the sale with the same force,effect, validity and priority that previously existed against theSale Assets.

The Buyer has not assumed any liabilities of the Debtor.

The Trustee, and any escrow agent upon the Trustee's writteninstruction, will be authorized to make such disbursements on orafter the closing of the sale as are required by the purchaseagreement or order of this Court, including, but not limited to,(a) all delinquent real property taxes and outstandingpost-petition real property taxes pro-rated as of the closing withrespect to the real property included among the purchased assets;and (b) the closing costs identified in Exhibits B and D to theExhibit List submitted with the Motion, including brokercommissions.

Except as otherwise provided in the Motion, the Sale Assets will besold, transferred, and delivered to Buyer on an "as is, where is"or "with all faults" basis.

The Order will be effective immediately upon entry. No automaticstay of execution, pursuant to Rule 62(a) of the Federal Rules ofCivil Procedure, or Bankruptcy Rules 6004(h) or 6006(d), applieswith respect to the Order.

With respect to Units 101C and 102C (Suites 26 and 27), SacramentoLand Company is approved as the Back-Up Bidder on those units, inthe amounts of $125,000 for Unit 101C and $107,500 for Unit 102C,and the Trustee may close the sale of those units to the Back-Up Bidder on the same terms as addressed in the Order, if the Buyerdoes not close on the sale of those units, without further order ofthe Court.

Bradley Sharp was appointed as Chapter 11 Trustee for the estate ofCS360 Towers, LLC pursuant to order of the court dated March 15,2017. The assets of the estate include condominium units (bothresidential and commercial) in the building located at 500 NStreet, Sacramento, California, and various claims and causes ofaction.

CTI BIOPHARMA: Changes State of Incorporation to Delaware---------------------------------------------------------CTI BioPharma Corp., a Delaware corporation, entered into anAgreement and Plan of Merger with CTI BioPharma Corp., a Washingtoncorporation and then parent company of the Company, on Jan. 24,2018, pursuant to which CTI WA would merge with and into CTI DE forthe sole purpose of reincorporating CTI WA in the State ofDelaware. The Reincorporation Merger and the Merger Agreement wereapproved by the Board of Directors of CTI WA and by a majority ofthe votes actually cast by the shareholders entitled to vote at CTIWA's Special Meeting of Shareholders held on Jan. 24, 2018.

On the Effective Date, CTI DE and CTI WA effected theReincorporation Merger, thereby changing the state of incorporationof CTI BioPharma Corp. from the State of Washington to the State ofDelaware pursuant to the Merger Agreement. The ReincorporationMerger was accomplished by the filing of (i) articles of mergerwith the Secretary of State of the State of Washington and (ii) acertificate of merger and the Company's Certificate ofIncorporation with the Secretary of State of the State of Delaware. As of the Effective Date, the rights of CTI WA's stockholdersbegan to be governed by the General Corporation Law of the State ofDelaware, the Delaware Charter and the Bylaws of the Company. As aresult of the Reincorporation Merger, CTI WA has ceased to exist asa separate entity.

CTI DE's common stock, par value $0.001 per share, will continue totrade on Nasdaq. The Company's trading symbol remains as "CTIC." In accordance with Rule 12g-3 under the Securities Exchange Act of1934, as amended, the shares of Common Stock of the Company weredeemed to be registered under Section 12(b) of the Exchange Act asa successor to CTI WA. The Delaware Charter authorizes the samenumber of shares of the Common Stock and each class of preferredstock of CTI WA, except that all subseries of Series N PreferredStock are eliminated and reclassified as Series N Preferred Stockand the number of authorized Series N Preferred Stock is reduced to575. In addition, each share of CTI DE common stock and preferredstock has a par value of $0.001 per share.The Reincorporation Merger changed the legal domicile of CTI WA,but did not result in any change in the principal offices,business, management, capitalization, assets or liabilities of theCompany. By operation of law, the Company succeeded to all of theassets and assumed all of the liabilities of CTI WA. The officersand directors of CTI WA are the officers and directors of theCompany. As a result of the Reincorporation Merger, the Companyhas assumed all of the CTI WA employee benefit plans and stockincentive plans in effect at the Effective Date, including CTI WA's2017 Equity Incentive Plan, 2015 Equity Incentive Plan, 2007 EquityIncentive Plan, and 2007 Employee Stock Purchase Plan and any andall stock options, restricted stock and restricted stock unitawards, and other equity-based awards that are outstanding underany of the Stock Plans or any individual award agreements outsideof the Stock Plans. The Company has also assumed CTI WA's rightsplan with Computershare Trust Company, N.A., as rights agent, datedas of Dec. 28, 2009 and amended on Aug. 31, 2012, Dec. 3, 2012,Dec. 1, 2015 and Sept. 22, 2017.

In connection with the Reincorporation Merger, the Company hasentered into indemnification agreements with each of its executiveofficers and directors in which the Company agrees to hold harmlessand indemnify the officer or director to the fullest extentpermitted by Delaware law.

On the Effective Date, the Reincorporation Merger triggered anautomatic delisting of CTI WA's common stock from the BorsaItaliana exchange.

About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --http://www.ctibiopharma.com/-- is a biopharmaceutical company focused on the acquisition, development and commercialization ofnovel targeted therapies covering a spectrum of blood-relatedcancers that offer a unique benefit to patients and healthcareproviders. The Company has a late-stage development pipeline,including pacritinib for the treatment of patients withmyelofibrosis. CTI BioPharma is headquartered in Seattle,Washington.

CTI Biopharma reported a net loss attributable to commonshareholders of $52 million for the year ended Dec. 31, 2016, a netloss attributable to common shareholders of $122.6 million for theyear ended Dec. 31, 2015, and a net loss attributable to commonshareholders of $95.99 million. The Company had $65.53 million intotal assets, $37.12 million in total liabilities, and $28.41million in total shareholders' equity as of Sept. 30, 2017.

CTI BIOPHARMA: Granted 3-Month Extension to Respond to CHMP-----------------------------------------------------------CTI BioPharma Corp. announced that the Company was granted a threemonth extension for submitting its response to the Day 120 List ofQuestions (D120 LoQ) from the Committee for Medicinal Products forHuman Use (CHMP) of the EMA, with regard to the MarketingAuthorization Application (MAA) for pacritinib. As a result of theextension, the Company anticipates submitting its response to theD120 LoQ by May 2018. The Company primarily requested theextension in order to provide the EMA with new pharmacokineticanalyses that include data from the ongoing phase 2 PAC203 study.The MAA was originally submitted to the EMA in June 2017 based ondata from the PERSIST-2 phase 3 study. The Day 120 LoQ werereceived by the Company in November 2017 and included MajorObjections in areas including efficacy, safety (includinghematological, cardiovascular and infectious toxicities) and otherconcerns including the size of the data set and the pharmacokineticanalyses of the two dosing regimens studied in PERSIST-2. Theextension request was submitted following a clarification meetingwith the rapporteur and co-rapporteur and members of the EMA.

About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --http://www.ctibiopharma.com/-- is a biopharmaceutical company focused on the acquisition, development and commercialization ofnovel targeted therapies covering a spectrum of blood-relatedcancers that offer a unique benefit to patients and healthcareproviders. The Company has a late-stage development pipeline,including pacritinib for the treatment of patients withmyelofibrosis. CTI BioPharma is headquartered in Seattle,Washington.

CTI Biopharma reported a net loss attributable to commonshareholders of $52 million for the year ended Dec. 31, 2016, a netloss attributable to common shareholders of $122.6 million for theyear ended Dec. 31, 2015, and a net loss attributable to commonshareholders of $95.99 million. The Company had $65.53 million intotal assets, $37.12 million in total liabilities, and $28.41million in total shareholders' equity as of Sept. 30, 2017.

"Our available cash and cash equivalents were $52.8 million as ofSeptember 30, 2017. We believe that our present financialresources, together with payments projected to be received undercertain contractual agreements and our ability to control costs,will only be sufficient to fund our operations into the thirdquarter of 2018. This raises substantial doubt about our abilityto continue as a going concern," said the Company in its quarterlyreport for the period ended Sept. 30, 2017.

The Company has concluded a transaction in which CATI provided itslender with an overriding royalty (equal to 0.01 of 8/8ths of alloil and gas) on CATI's remaining leasehold and the lender releasedCATI from all remaining indebtedness. The release, which wasreceived Monday and filed in some counties that same day,discharged approximately $5.8 million in principal and interestoutstanding according to CATI's Lender. The effective date of therelease is Dec. 15, 2017.

Additionally, the remaining leasehold and ownership of CATI wastransferred to a third party in exchange for that party'sassumption of all plugging and abandonment liabilities. Thattransfer was only effective upon the release of the CATIindebtedness and was subject to the overriding royalty. Thistransfer further reduced the Company's asset retirement obligationsrelated to the above-mentioned plugging and abandonmentliabilities.

Richard N. Azar II, the CEO of Camber noted that "this release ofindebtedness as well as the transfer of the CATI entity with itsassets and liabilities further improves the Company's balance sheetby reducing its liabilities. This is all consistent with the planto reduce Company obligations noted previously in my communicationsto shareholders."

Mr. Azar added, "These transactions further position the Company tofocus on its core Oklahoma assets while evaluating comparableacquisition opportunities in order to give us an inventory of lowerrisk opportunities to add to our reserve base and cash flow."

About Camber Energy

Based in San Antonio, Texas, Camber Energy (NYSE American: CEI) --http://www.camber.energy/-- is a growth-oriented, independent oil and gas company engaged in the development of crude oil, naturalgas and natural gas liquids in the Hunton formation in CentralOklahoma in addition to anticipated project development in the SanAndres formation in the Permian Basin.

Lucas Energy changed its name to Camber Energy, Inc., effectiveJan. 5, 2017, to more accurately reflect the Company's strategicshift from its Austin Chalk and Eagleford roots to an expandingaddition of shallow oil and gas reserves with longer-lived,lower-risk production profiles.

Camber reported a net loss of $89.12 million on $5.30 million oftotal net operating revenues for the year ended March 31, 2017,compared to a net loss of $25.44 million on $968,146 of total netoperating revenues for the year ended March 31, 2016. As of Sept.30, 2017, Camber Energy had $34.49 million in total assets, $53.96million in total liabilities and a total stockholders' deficit of$19.47 million.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas, issued a "going concern" opinion on the consolidated financialstatements for the year ended March 31, 2017, citing that theCompany has incurred significant losses from operations and had aworking capital deficit at March 31, 2017. These factors raisesubstantial doubt about the Company's ability to continue as agoing concern, the auditors said.

CUMULUS MEDIA: Nasdaq to Delist Shares Effective Feb. 5-------------------------------------------------------The Nasdaq Stock Market, Inc., has determined to remove fromlisting the common stock of Cumulus Media Inc., effective at theopening of the trading session on February 5, 2018.

Based on review of information provided by the Company, NasdaqStaff determined that the Company no longer qualified for listingon the Exchange pursuant to Listing Rule 5550(b)(1).

The Company was notified of the Staffs determination on September1, 2017. The Company appealed the determination to a HearingPanel. Upon review of the information provided by the Company, thePanel issued a decision dated November 20, 2017, denying theCompany continued listing and notified the Company that trading inthe Companys securities would be suspended on November 22, 2017.

The Company did not request a review of the Panels decision by theNasdaq Listing and Hearing Review Council. The Listing Council didnot call the matter for review.

The Panels Determination to delist the Company became final onJanuary 4, 2018.

About Cumulus Media

Cumulus Media Inc. (OTCQX: CMLS) -- http://www.cumulus.com/-- is a radio broadcasting company. The Company is also a provider ofcountry music and lifestyle content through its NASH brand, whichserves through radio programming, NASH Country Weekly magazine andlive events. Its product lines include broadcast advertising,digital advertising, political advertising and non-advertisingbased license fees. Its broadcast advertising includes the sale ofcommercial advertising time to local, national and network clients.Its digital advertising includes the sale of advertising andpromotional opportunities across its Websites and mobileapplications. Its across the nation platform generates contentdistributable through both broadcast and digital platforms.

Based in Atlanta, Georgia, Cumulus Media Inc. and 36 of itsaffiliates, including NY Radio Assets, LLC, and Westwood One, Inc.,sought voluntary protection under Chapter 11 of the Bankruptcy Code(Bankr. S.D.N.Y. Lead Case No. 17-13381) on Nov. 29, 2017.

At the time of filing, the Debtors also entered into aRestructuring Support Agreement with, among others, certain of itssecured lenders holding, in the aggregate, approximately 69% of theCompany's term loan to reduce the Company's debt by more than $1billion.

S&P said, "At the same time, we assigned a 'B' issue-level ratingto the company's proposed first-lien debt. The '3' recovery ratingreflects our expectation of meaningful (50%-70%; rounded estimate:55%) recovery of principal in the event of a payment default. Thedebt includes a $440 million first-lien term loan due 2025 and a$75 million revolving credit facility (RCF) due 2023.

"We also assigned a 'CCC+' issue-level rating to the company'sproposed $160 million second-lien term loan due 2026. The '6'recovery rating reflects our expectation of negligible (0%-10%;rounded estimate: 0%) recovery of principal in the event of apayment default. The company will use the net proceeds to refinanceoutstanding debt, with $45 million available to fund futureacquisitions.

"The rating reflects our view of CVS Holdings' aggressiveacquisition model that is somewhat mitigated by its ability toexpand profit and cash flows, and good industry tailwinds withlimited reimbursement risks and an aging population. The companyalso benefits from the industry's recurring, non-discretionaryspending for eye care with good patient loyalty. Its growthstrategy is to acquire established, profitable optometrist officesthat strengthens performance metrics as the offices mature withinits business model. We think its increasing size also helps toimprove its negotiating leverage with suppliers and contributes tomodest cost improvement. However, this growth model presents someintegration risk should the company encounter issues, includingsystems and customer service disruptions, when assimilatingacquisitions.

"The stable outlook on CVS reflects a moderate strengthening ofcredit-protection measures and our expectation that the companywill maintain adequate liquidity as it integrates officeacquisitions. We anticipate continued growth in profits and cashflow as the company integrates acquired operations, which willsupport the improvement in credit metrics. We expect debt to EBITDAto decline to 6.4x-6.6x by year-end 2018 from about mid 7xcurrently.

"We could consider a negative rating action if leverage remainsabove 7x over the next 12 months. This could stem from competitivepressures in the highly fragmented optical industry oracquisition-integration or operational issues that hurt profits andcash flows. Additional factors that could trigger a downgradeinclude large cash outlays to fund office acquisitions withoutsufficient EBITDA contribution, or debt-funded dividends to theowners.

"Although unlikely in the next year, we could consider a positiverating action if the company's performance exceeded ourexpectations, such that leverage declines below 5x, and we believethe company won't pay a material debt-funded dividend that willweaken its credit metrics. Better performance could come fromgreater-than-anticipated growth from acquired offices. We will alsoconsider the likelihood of debt deleveraging, given CVS' ownershipby private equity sponsors and the possibility of a dividendrecapitalization."

DATA COOLING: Seeks More Exclusivity After Finding Liquidating Plan-------------------------------------------------------------------Data Cooling Technologies, LLC, asks the U.S. Bankruptcy Court forthe Northern District of Ohio to extend the time period duringwhich the Debtors have the exclusive right to file and solicitacceptances to a chapter 11 plan from March 7, 2018 through andincluding March 30, 2018.

This is the first request for an extension of any portion of theExclusivity Period that the Debtor has made in this chapter 11case, and the size and complexity of the Debtor's case warrant abrief three-week extension to allow the Debtor to finishsolicitation of votes on its Plan.

The Debtor relates that in November of 2017, the Court approved thesale of substantially all of the assets of Data CoolingTechnologies LLC in two separate transactions. Both sales closed onNov. 30, 2017, and the Debtor is now in the process ofadministering its remaining assets.

Since the sales, the Debtors have been working diligently on anexit strategy from chapter 11. On Jan. 5, 2018, the Debtors filedits Plan of Liquidation, outlining the Debtor's proposed plan ofliquidation for their remaining assets. The Debtor filed theDisclosure Statement with Respect to the Plan of Liquidation onJanuary 17, 2018, along with a motion requesting the approval ofthe disclosure statement and related documentation. The hearing onthe approval of the Disclosure Statement is set for Feb. 20, 2018.

But on January 8, 2018, the Official Committee of UnsecuredCreditors improperly filed a plan outlining the Committee's own,unauthorized proposed plan of liquidation, a correspondingdisclosure statement, and motion to terminate exclusivity andapprove the Committee's disclosure statement.

Accordingly, the Debtor moved to strike each of the CommitteeDocuments and sought sanctions against the Committee. At a hearingon January 16, 2018, the Court found that the Committee violatedsection 1121 of the Bankruptcy Code and ordered that each of theCommittee Documents be stricken from the Court's docket anddisregarded by creditors.

Because of the additional delay and confusion caused by the filingand striking of the Committee Plan, along with the need to schedulearound the Court's and interested parties' availability forhearings in the Debtors' chapter 11 cases, the Debtors require abrief extension of the Exclusivity Period to solicit votes on theirPlan.

About Data Cooling

Data Cooling Technologies LLC is the exclusive North Americanlicensee of US Patent No. 7753766. The KyotoCooling patentedsolution utilizes a heat wheel and an indirect economizationprocess to produce the most reliable and efficient coolingtechnology in the data center industry.

The official committee of unsecured creditors formed in the caseretained Dahl Law LLC as its legal counsel.

DAWN MARIE DAVIDE: Debt Owed to V. Lujan is Nondischargeable------------------------------------------------------------The Defendants in the case captioned VINCENT P. LUJAN, Plaintiff,v. DAWN MARIE DAVIDE and CHRISTOPHER LEE LUTTRELL, Defendants, Adv.No. 17-1007 t (Bankr. D.N.M.) filed a motion asking the U.S.Bankruptcy Court for the District of New Mexico to clarify that thenondischargeable debt at issue is not owed by Luttrell. Defendantsalso asked the Court to reconsider its judgment that Davide's debtto Vincent Lujan is nondischargeable. As the Court believes itsjudgment is correct, Bankruptcy Judge David T. Thuma denies therequest.

Davide and Luttrell filed their chapter 11 case on Oct. 31, 2016.Lujan brought this adversary proceeding on Jan. 30, 2017, claimingthat Davide's debt to him was nondischargeable because of, interalia, fraud. The Court tried the proceeding on Nov. 15 and 16,2017. After taking the matter under advisement, the Court issuedits opinion and final judgment on Dec. 11, 2017. The Court foundthat Davide had defrauded Lujan, and therefore ruled her debt tohim nondischargeable under section 523(a)(2)(A). Davide andLuttrell filed the motion 15 days after entry of the judgment.

The Court's findings and conclusions do nothing more than arrive atthe obvious: had Davide even been remotely honest with Lujan abouthow her businesses were doing; what she needed the money for; andwhat she intended to do with the money, Lujan would have run theother way as fast as he could. Davide knew that the truth would notget her the loan, so she resorted to fraud. The resulting loss wasproximately caused by the fraud. The Court believes its analysis ofcausation is well within the Tenth Circuit law on the subject.

The Court will enter a separate order clarifying that thenondischargeable debt is owed by Davide, not Luttrell. The motionis otherwise denied.

Digerati Technologies, Inc. filed for Chapter 11 bankruptcy. Thebankruptcy court approved Digerati's request for Gilbert A. Herreraand Herrera Partners, in their role as investment bankers, toassist in the sale of Digerati's two wholly-owned subsidiaries,Hurley Enterprises, Inc., and Dishon Disposal, Inc. The bankruptcycourt later denied HP's application for professional fees in fullafter finding that the application was insufficiently detailed, theservices did not, and were not reasonably likely to, benefit theestate, and that HP had failed to disclose a connection withDigerati's counsel. The district court affirmed the decision.

The bankruptcy court did not abuse its discretion in finding thatthe services were not "reasonably likely to benefit the estate" atthe time they were performed and that Herrera failed to make arequired disclosure. Services rendered to an estate are compensableonly if, at the time they were rendered, they were reasonablylikely to benefit the estate.

A copy of the Fifth Circuit's Decision dated Jan. 19, 2018 isavailable at https://is.gd/iF0FZy from Leagle.com.

Craig Edward Power -- cpower@cokinoslaw.com -- for Appellee.

Misty Annette Hataway-Cone', for Appellant.

Misty Annette Hataway-Cone', for Appellant.

Misty Ann Segura -- misty@k-hpc.com -- for Appellee.

About Digerati Technologies, Inc.

Digerati Technologies, Inc., filed a Chapter 11 petition (Bankr.S.D. Tex. Case No. 13-33264) in Houston, on May 30, 2013. At thetime of its Chapter 11 filing, Digerati --http://www.digerati-inc.com/-- was a publicly held company whose primary assets were 100% stock ownership of two oilfield servicescompanies that the Debtor valued at $30 million each: HurleyEnterprises, Inc.; and Dishon Disposal, Inc. The Debtor also ownedShift 8 Networks, a cloud communication service. The Debtor has noindependent operations apart from its subsidiaries.

Digerati disclosed $60 million in assets and $62.5 million inliabilities as of May 29, 2013.

Earlier in the case, Rhode Holdings, LLC, sought the transfer ofvenue of Digerati's Chapter 11 case to the U.S. Bankruptcy Courtfor the Western District of Texas, San Antonio Division. The case,however, remained in the Houston Bankruptcy Court.

Hurley Enterprises and Dishon Disposal sold for approximately $41million. Dishon was sold to Buckhorn Disposal, LLC at auction onJune 19, 2014 for $27 million. The only other bidder was TerryDishon with a credit bid of $12.3 million. The Hurleys submittedthe winning bid for Hurley at auction, with a credit bid of $14million.

DREAM MOUNTAIN: Agrees with DOJ Watchdog to Name Trustee--------------------------------------------------------The Acting United States Trustee, John P. Fitzgerald, III, asks theU.S. Bankruptcy Court for the Northern District of West Virginia todirect the appointment of a chapter 11 trustee to administer thebankruptcy case of Dream Mountain Ranch, LLC.

Dream Mountain's primary secured creditor is Note Co. whose debtapproximates $1,400,000. Somerset Trust Company is also secured bythe real estate and its approximate debt is $654,000. The debtorfiled its case when Somerset Trust Company began foreclosureproceedings.

The U.S. Trustee and Dream Mountain have agreed that theappointment of a chapter 11 trustee in this case would instill morecreditor confidence and assist in moving the case towardreorganization or liquidation.

Dream Mountain Ranch, LLC is a privately-held company that owns adeer and elk hunting game area in North Central West Virginia. Itoffers 15 hunting stands and still hunts scattered across a1,000-plus acres property. It offers lodge featuring fourbedrooms, three baths, a full-sized kitchen, wrap around porch, anda hot tub. The area also features several activities guest canenjoy including the Ohiopyle State Park, Falling Water, BlackwaterFalls, and Coopers Rock.

The Debtor sought protection under Chapter 11 of the BankruptcyCode (Bankr. N.D. W.Va. Case No. 17-01051) on October 27, 2017.Dietrich Steve Fansler, its managing member, signed the petition.

At the time of the filing, the Debtor disclosed $5.02 million inassets and $2.53 million in liabilities.

An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Dream Mountain Ranch, LLC as ofDec. 13, according to a court docket.

ENDO INT'L: Egan-Jones Lowers Sr. Unsecured Debt Ratings to CCC+----------------------------------------------------------------Egan-Jones Ratings Company, on Jan. 17, 2018, downgraded theforeign currency and local currency ratings on debt issued by EndoInternational plc to CCC+ from B-. EJR also lowered the foreigncurrency and local currency commercial paper ratings on the Companyto C from B.

Endo International plc is a generics and specialty brandedpharmaceutical company. It develops, manufactures, and distributespharmaceutical products and devices worldwide. It has headquartersin Dublin, Ireland, and Malvern, Pennsylvannia.

ENDO SURGICAL CENTER: Seeks Approval to Access Cash Collateral--------------------------------------------------------------Endo Surgical Center of North Jersey, P.C., seeks the preliminaryand final approval from the U.S. Bankruptcy Court for the Districtof New Jersey to use cash collateral to preserve its assets so asto maintain and maximize its value for the benefit of allparties-in-interest.

The Debtor is located at 999 Clifton Avenue, Clifton, New Jersey07013. The Property is owned by DVCO, LLC. DVCO is owned by WilliamJ. Focazio.

The Debtor leases the Property from DVCO at approximately $360,000per year to be paid in equal installments of $30,000 per month. TheLease, commenced on January 23, 2015, has a term of twenty (20)years. The Lease requires the Debtor to pay all utilities. TheDebtor, together with William J. Focazio M.D., P.A., is alsoresponsible for 75% of the taxes, insurance, and maintenance of theProperty.

The Debtor believes that First Commerce Bank enjoys a lien on allor substantially of the Debtor's assets in relation to financialaccommodations which First Commerce Bank extended to the Debtor.First Commerce Bank's claims extend to all of Dr. Focazio'sentities. As of January 9, 2018, the outstanding indebtedness owedto First Commerce Bank as it relates to the loans equalsapproximately $12,241,000.

The Debtor owes approximately $600,000 in payroll taxes to theState of New Jersey, Division of Taxation. The Division, by virtueof its state tax liens, has a lien on all of the Debtor's assets. Thus, it is adequately protected because an equity cushion existsbased on the value of the Debtor's assets.

The Debtor asserts that First Commerce Bank is over-secured sincethe collateral provides adequate protection to First Commerce Bank,to wit: (a) the market value of the Property is $4,925,000, (b)East Brunswick Premises is $4,700,000, (c) 975 Clifton Premises is$1,250,000, and (d) Saddle River Property is between $20,000,000 to$22,000,000. FCB’s debt is $12,241,000.

In addition, the Collateral also includes a blanket lien on all ofthe Debtor's personal property. Accordingly, the Debtor believesthat First Commerce Bank has an equity cushion based on the totalvalue of all the Collateral securing its debt.

Headquartered in Clifton, New Jersey, William Focazio, MD, PA, EndoSurgical Center of North Jersey, and Fenner Ave., LLC, areprivately held companies that operate in the health care industryspecializing in internal medicine and gastroenterology.

At the time of filing, William Focazio, MD, PA has $1,130,000 intotal assets and $12,830,000 in total liabilities; and EndoSurgical Center has $1,170,000 in total assets and $16,490,000 intotal liabilities.

Judge Vincent F. Papalia presides over the case.

Trenk DiPasquale Della Fera & Sodono, P.C., is the Debtor'scounsel.

FALLING LEAVES: U.S. Trustee Unable to Appoint Committee--------------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Falling Leaves Recovery LLC asof Jan. 26, according to a court docket.

The assignment of the ratings follows the completion of FGLHoldings' previously announced merger transaction under which CFCorporation (now FGL Holdings) acquired Fidelity & Guaranty Life.

The Baa2 IFS rating of F&G Re reflects Moody's view that F&G Re andFGLIC are treated as one analytical unit due to F&G Re primarilyreinsuring business from FGLIC. If F&G Re's strategy changesrelative to Moody's expectations, it may no longer be rated thesame as FGLIC. Additionally, CF Bermuda's Ba2 issuer rating is thestandard three notches from the Baa2 IFS rating of the insuranceoperating entities. The Ba3 issuer rating of FGL Holdings is onenotch lower than the Ba2 issuer rating of CF Bermuda reflectingstructural subordination.

The rating agency expects FGL to maintain financial leverage below25% prospectively as well as appropriate capital levels. The ratingagency stated that it will evaluate FGL Holdings' efforts toaccelerate growth to ensure that the company's actions remain inline with the current ratings. In addition, Moody's expects the newtax law will make it less beneficial to cede directly sold businessfrom its US operations to F&G Re, its Bermuda affiliate.

FGLIC's credit profile reflects the company's growing marketposition, especially in the fixed indexed annuity (FIA) space, aswell as its good profitability, and higher investment yield fromportfolio repositioning efforts. FGLIC has been able to balance thehealthy growth of its FIA business while expanding its footprint inthe indexed universal life (IUL) insurance market.

The rating agency noted that these strengths are offset by theconcentration of FGLIC's sales in FIAs, along with the associatedhedging and asset liability management challenges. FGLIC's salesare likely to continue to be highly concentrated in annuityproducts in the near-term. Additionally, the company's primarydistribution channel is via independent marketing organizations(IMOs) which could be impacted by the Department of Labor's newfiduciary rules, notwithstanding the potential for alterations orrescission.

RATING DRIVERS

According to Moody's, the following could lead to an upgrade ofFGLH's and FGLIC's ratings: 1) sustained statutory return oncapital exceeding 6%; and 2) more balanced growth in profitablypriced new FIA business and life insurance. Conversely, thefollowing factors could result in a downgrade of FGLH's and FGLIC'sratings: 1) increased investment risk from more aggressive assetallocations; 2) adjusted financial leverage above 25%; 3) sustainedstatutory return on capital less than 6%; 4) significant use ofreinsurance to finance growth; or 5) more aggressive capitalactions or the consolidated NAIC RBC ratio (company action level)declining below 400%.

FGLH is an insurance holding company headquartered in Des Moines,Iowa. As of September 30, 2017, FGLH reported total assets of about$29 billion and shareholders' equity of approximately $2.2billion.

The principal methodology used in these ratings was Global LifeInsurers published in April 2016.

FINJAN HOLDINGS: Israel Seed Cut Stake to 9.88% as of Nov. 6------------------------------------------------------------Israel Seed IV, L.P. reported to the Securities and ExchangeCommission that it is the beneficial owner of 2,737,782 shares ofCommon Stock of Finjan Holdings Inc., constituting 9.88% based upon27,707,329 shares of common stock issued and outstanding as of Nov.6, 2017 (according to the Report on Form 10-Q filed by the Issueron Nov. 9, 2017. Israel Venture Partners 2000 Limited and NeilCohen also reported beneficial ownership of 2,737,782 shares.

In multiple transactions from Jan. 26, 2017 through Jan. 23, 2018,Israel Seed sold shares of the Issuer's Common Stock on the openmarket totaling 1,627,424 shares.

A full-text copy of the regulatory filing is available at:

https://is.gd/tHCow7

About Finjan

Established over 20 years ago, Finjan -- http://www.finjan.com/-- is a cybersecurity company focused on four business lines:intellectual property licensing and enforcement, mobile securityapplication development, advisory services, and investing incybersecurity technologies and intellectual property. Licensingand enforcement of the Company's cybersecurity patent portfolio isoperated by its wholly-owned subsidiary Finjan, Inc. Finjan becamea wholly owned subsidiary of Finjan Holdings in June of 2013 aftera merger transaction, following which we began trading on the OTCMarkets. The Company's common stock has been trading on the NASDAQCapital Market since May 2014. Since the merger, the Companycontinues to execute on its existing business lines while outlininga vision and focusing on growth. Finjan is based in East PaloAlto, California.

Finjan reported a net loss attributable to common stockholders of$6.43 million for the year ended Dec. 31, 2016, a net lossattributable to common stockholders of $12.60 million for the yearended Dec. 31, 2015, and a net loss of $10.47 million for the yearended Dec. 31, 2014.

As of Sept. 30, 2017, Finjan Holdings had $45.32 million in totalassets, $11.96 million in total liabilities, $18 million inredeemable preferred stock and $15.35 million in totalstockholders' equity.

The firm will advise the Trustee regarding the requirements forfiling monthly operating reports; consult with the trusteeconcerning administration of the Debtors' Chapter 11 cases andpreparation of their tax returns; and provide other accountingservices related to the cases.

Donald Barg, a Barg & Henson shareholder, disclosed in a courtfiling that the firm, its associates, shareholders and othermembers do not hold or represent any interest adverse to thetrustee, the Debtors and the estates.

FM 544 Park Vista Ltd. was formed on April 29, 2014, to acquire andprepare for development a 31.5 acre tract located in Plano, CollinCounty, Texas as a 318-unit senior housing apartment complex. Thegeneral partner of FM 544 is Pavist, a limited liability company,while the sole limited partner is Shaw Family Trust No. 3.

GIGA-TRONICS INC: Common Stock Delisted from Nasdaq---------------------------------------------------The Nasdaq Stock Market LLC has filed with the Securities andExchange Commission a Form 25-NSE notifying the removal fromlisting or registration of Giga-Tronics Inc.'s common stock underSection 12(b) of the Securities Exchange Act of 1934.

About Giga-tronics

Headquartered in Dublin, California, Giga-tronics Incorporatedproduces electronic warfare instruments used in the defenseindustry and YIG RADAR filters used in fighter jet aircraft. Itdesigns, manufactures and markets the new Advanced Signal Generator(ASG) for the electronic warfare market, and switching systems thatare used in automatic testing systems primarily in aerospace,defense and telecommunications.

Giga-tronics reported a net loss of $1.54 million on $16.26 millionof net sales for the year ended March 25, 2017, compared to a netloss of $4.10 million on $14.59 million of net sales for the yearended March 26, 2016. As of Sept. 30, 2017, Giga-Tronics had $8.48million in total assets, $8.81 million in total liabilities and atotal shareholders' deficit of $335,000.

"The Company has experienced delays in the development of features,receipt of orders, and shipments for the new Advanced SignalGenerator ("ASG"). These delays have contributed, in part, to adecrease in working capital. The new ASG product has shipped toseveral customers, but potential delays in the development orrefinement of features, longer than anticipated sales cycles, oruncertainty as to the Company's ability to efficiently manufacturethe ASG, could significantly contribute to additional future lossesand decreases in working capital.

"To help fund operations, the Company relies on advances under theline of credit with Bridge Bank which expires on May 6, 2019. Theagreement includes a subjective acceleration clause, which allowsfor amounts due under the facility to become immediately due in theevent of a material adverse change in the Company's businesscondition (financial or otherwise), operations, properties orprospects, or ability to repay the credit based on the lender'sjudgement. As of September 30, 2017, the line of credit had abalance of $552,000.

"These matters raise substantial doubt as to the Company's abilityto continue as a going concern," the Company stated in itsquarterly report for the period ended Sept. 30, 2017.

GLOBAL A&T: Taps Alvarez & Marsal as Restructuring Advisor----------------------------------------------------------Global A&T Electronics Limited seeks approval from the U.S.Bankruptcy Court for the Southern District of New York to hirerestructuring advisors in connection with the Chapter 11 casesfiled by the company and its affiliates.

Global A&T proposes to employ Alvarez & Marsal North America, LLCand its affiliate Alvarez & Marsal (SE Asia) Pte. Ltd. to, amongother things, assist in the preparation of financial-relateddisclosures; give advice regarding the implementation of keyemployee compensation and benefit programs; assist the Debtors'management team in the coordination of resources related to thereorganization effort; and prepare information necessary for theconfirmation of a plan of reorganization.

The firms received $500,000 as a retainer in connection withpreparing for and conducting the filing of the Debtors' Chapter 11cases. In the 90 days prior to the petition date, they receivedretainers and payments totaling $1,286,456.39 for servicesperformed for the Debtors.

Robert Caruso, managing director of Alvarez & Marsal, disclosed ina court filing that his firm is a "disinterested person" as definedin Section 101(14) of the Bankruptcy Code.

Global A&T Electronics Ltd. is a subsidiary of UTAC Holdings Ltd.that provides semiconductor assembly and test services forintegrated circuits for use in analog, mixed-signal and logic, andmemory products in the United States, Japan, rest of Asia, Europe,and internationally.

UTAC Holdings and its subsidiaries are independent providers ofassembly and test services for a broad range of semiconductor chipswith diversified end uses, including in-communications devices(such as smartphones, Bluetooth and WiFi), consumer devices,computing devices, automotive devices, security devices, anddevices for industrial and medical applications. The companyoffers its customers a full range of semiconductor assembly andtest services in these key product categories: analog, mixed-signaland logic, and memory. UTAC's customers are primarily fablescompanies, integrated device manufacturers and wafer foundries.

UTAC is headquartered in Singapore, with production facilitieslocated in Singapore, Thailand, Taiwan, China, Indonesia andMalaysia. The company's global sales network is broadly focused onfive regions: the United States, Europe, China and Taiwan, Japan,and the rest of Asia. The Debtors have 10,402 full-timeemployees.

GLOBAL A&T: Taps Kirkland & Ellis as Legal Counsel--------------------------------------------------Global A&T Electronics Limited seeks approval from the U.S.Bankruptcy Court for the Southern District of New York to hireKirkland & Ellis LLP and Kirkland & Ellis International LLP as itslegal counsel.

The firms will advise Global A&T and its affiliates regarding theirduties under the Bankruptcy Code; negotiate with creditors; assistin any potential sale of assets; help the Debtors obtain financing;assist in the preparation of a bankruptcy plan; and provide otherlegal services related to their Chapter 11 cases.

The Debtors paid $400,000 to the firms, which constituted a"security retainer" prior to the petition date, and additionalsecurity retainers totaling $3.6 million.

Patrick Nash, Jr., president of Patrick J. Nash, Jr., P.C., apartner of Kirkland, disclosed in a court filing that the firms are"disinterested" as defined in section 101(14) of the BankruptcyCode.

In accordance with Appendix B-Guidelines for reviewing feeapplications filed by attorneys in larger Chapter 11 cases, Mr.Nash disclosed that Kirkland has not agreed to any variations from,or alternatives to, its standard or customary billing arrangements;and that no Kirkland professional has varied his rate based on thegeographic location of the Debtors' cases.

Mr. Nash also disclosed that Kirkland represented the Debtorsduring the 12-month period before the petition date, using thesehourly rates:

Global A&T Electronics Ltd. is a subsidiary of UTAC Holdings Ltd.that provides semiconductor assembly and test services forintegrated circuits for use in analog, mixed-signal and logic, andmemory products in the United States, Japan, rest of Asia, Europe,and internationally.

UTAC Holdings and its subsidiaries are independent providers ofassembly and test services for a broad range of semiconductor chipswith diversified end uses, including in-communications devices(such as smartphones, Bluetooth and WiFi), consumer devices,computing devices, automotive devices, security devices, anddevices for industrial and medical applications. The companyoffers its customers a full range of semiconductor assembly andtest services in these key product categories: analog, mixed-signaland logic, and memory. UTAC's customers are primarily fablescompanies, integrated device manufacturers and wafer foundries.

UTAC is headquartered in Singapore, with production facilitieslocated in Singapore, Thailand, Taiwan, China, Indonesia andMalaysia. The company's global sales network is broadly focused onfive regions: the United States, Europe, China and Taiwan, Japan,and the rest of Asia. The Debtors have 10,402 full-timeemployees.

GLOBAL A&T: Taps Moelis as Investment Banker & Financial Advisor----------------------------------------------------------------Global A&T Electronics Limited seeks approval from the U.S.Bankruptcy Court for the Southern District of New York to hire aninvestment banker and financial advisor in connection with theChapter 11 cases filed by the company and its affiliates.

Global A&T proposes to employ Moelis & Company LLC and Moelis &Company Asia Limited to, among other things, review results of itsoperations, financial condition and business plan; assist indeveloping a strategy to effect a restructuring; assist inreviewing and in negotiating any potential transaction; and advisethe Debtors on the terms of securities offered in any potentialsale transaction or capital transaction.

Moelis will be paid a non-refundable cash fee of $175,000 per monthfor its services.

Meanwhile, the firm will be paid a fee of $7.5 million in case of arestructuring; and a non-refundable cash fee equal to 2% of the"sale transaction value" in case of a sale.

In case of a capital transaction, Moelis will be paid a non-refundable cash fee equal to (i) 1% of the aggregate grossamount of secured debt obligations and other secured interestsraised in the transaction, (ii) 3% of the aggregate gross amount ofunsecured debt obligations, and other unsecured interests raised inthe transaction, and (iii) 5% of the aggregate gross amount or facevalue of new capital raised in the transaction as equity,equity-linked interests, options, warrants or other rights toacquire equity interests.

Adam Waldman, executive director of Moelis, disclosed in a courtfiling that his firm is a "disinterested person" as defined insection 101(14) of the Bankruptcy Code.

Global A&T Electronics Ltd. is a subsidiary of UTAC Holdings Ltd.that provides semiconductor assembly and test services forintegrated circuits for use in analog, mixed-signal and logic, andmemory products in the United States, Japan, rest of Asia, Europe,and internationally.

UTAC Holdings and its subsidiaries are independent providers ofassembly and test services for a broad range of semiconductor chipswith diversified end uses, including in-communications devices(such as smartphones, Bluetooth and WiFi), consumer devices,computing devices, automotive devices, security devices, anddevices for industrial and medical applications. The companyoffers its customers a full range of semiconductor assembly andtest services in these key product categories: analog, mixed-signaland logic, and memory. UTAC's customers are primarily fablescompanies, integrated device manufacturers and wafer foundries.

UTAC is headquartered in Singapore, with production facilitieslocated in Singapore, Thailand, Taiwan, China, Indonesia andMalaysia. The company's global sales network is broadly focused onfive regions: the United States, Europe, China and Taiwan, Japan,and the rest of Asia. The Debtors have 10,402 full-timeemployees.

The appeal arises out of the Greektown Holdings, LLC Bankruptcyproceedings specifically out of Bankruptcy Adversary Proceeding No.10-05712, Buchwald Capital Advisors, LLC, solely in its capacity asLitigation Trustee to the Greektown Litigation Trust v. Dimitrios Papas, Viola Papas, Ted Gatzaros, Maria Gatzaros, BardenDevelopment, Inc., Lac Vieux Desert Band of Lake Superior ChippewaIndians, Kewadin Casinos Gaming Authority, and Barden NevadaGaming, LLC, in which the Plaintiff, Buchwald Capital Advisors,LLC, Litigation Trustee for the Greektown Litigation Trust seeks toavoid certain transfers made to the Defendants that are alleged tohave been fraudulent and therefore avoidable, which incorporatesMichigan's Uniform Fraudulent Transfer Act, Mich. At issue in theappeal are approximately $155 million in wire transfers made in2005 -- approximately $95 million in a transfer to Dimitrios andViola Papas and approximately $60 million in a transfer to Ted andMaria Gatzaros.

The Bankruptcy Court, in its Nov. 24, 2015 Opinion, concluded thatthe Wire Transfers were protected from avoidance under Section546(e) of the Bankruptcy Code, 11 U.S.C. section 546(e), a "safeharbor" provision that bars a trustee's avoidance of transfers thatare "settlement payments" made by or to (or for the benefit of) afinancial institution and bars avoidance of transfers that are madeby or to (or for the benefit of) a financial institution inconnection with a securities contract. The Bankruptcy Court grantedthe Papas and Gatzaros Defendants' motion for summary judgment anddismissed them from the Adversary Proceeding with prejudice on Dec.23, 2015.

On appeal, the Litigation Trustee argues: (1) that the BankruptcyCourt improperly weighed evidence and made erroneous factualfindings in reaching its summary judgment conclusion that the WireTransfers are entitled to safe harbor protection under Section546(e); and (2) that the Wire Transfers were in fact dividendpayments, not settlement payments, which were not made inconnection with a securities contract and were not made "by" or"to" a financial institution, and thus were not entitled to safeharbor protection under Section 546(e) and are therefore avoidableunder Section 544 and ultimately recoverable from the Papas andGatzaros Defendants as "initial transferees" under Section550(a)(1). The Papas and Gatzaros Defendants respond that: (1) allof the material facts that demonstrate the applicability of Section546(e) to the Wire Transfers are undisputed; and (2) the WireTransfers were "settlement payments," not dividends, and were madein connection with a securities contract and were made by afinancial institution, and thus are entitled to safe harborprotection under Section 546(e).

Upon review of the case, the Court rejects the Litigation Trustee'sposition and concludes that the Bankruptcy Court reached thecorrect conclusion regarding the nature of the 2005 Transaction.The Litigation Trustee urges the Court to adopt a myopic view the2005 Transaction that focuses solely on the dividend from Holdingsto Monroe and Kewadin and ignores every other document andundisputed fact in the record. However, this view of the 2005Transaction ignores the undisputed factual realities that: (1)Holdings was formed, at the insistence of and with the approval ofthe Michigan Gaming Control Board, for the express purpose ofsatisfying the redemption obligations to the Papas and GatzarosDefendants; (2) the sole purpose of the Note issuance, as fullydisclosed to the Noteholders in the Offering Memorandum, the Flowof Funds Memorandum, and the Note Purchase Agreement, was to obtainfunds to make the payments to the Papas and Gatzaros Defendants;and (3) in a unified series of transactions deemed to have occurredsimultaneously, the proceeds of the securities transaction werewired directly from Holdings' brokerage account at MLPFS to thebank accounts of the Papas and Gatzaros Defendants, as understoodand expected by all parties who devised, sanctioned, and/or wereparties to the Note sale.

The Litigation Trustee's position also ignores the legal realitythat Holdings: (1) entered into a covenant under the NPA to use theproceeds of the sale of the Notes only as directed in the OfferingMemorandum's "Use of Proceeds" section, i.e. to pay the amountsowed to the Papas and Gatzaros Defendants, and (2) was directed bythe Nov. 15, 2005 Order of the MCGB to use the proceeds only asdescribed in the Oct. 27, 2005 Approval Request, i.e. to pay theamounts owed to the Papas and Gatzaros Defendants. The totality ofthese circumstances leads the Court to find both (1) that the WireTransfers to the Papas and Gatzaros Defendants were settlementpayments made by or to or for the benefit of a financialinstitution, and (2) that the Wire Transfers were made by or to orfor the benefit of a financial institution in connection with asecurities contract. Either finding provides an independent basisto affirm Judge Shapero's Nov. 24, 2015 Summary Judgment Opinionand Dec. 23, 2015 Order of Dismissal.

A full-text copy of Judge Borman's Opinion and Order dated Jan. 23,2018 is available at https://is.gd/tr08ka from Leagle.com.

Based in Detroit, Michigan, Greektown Holdings, LLC, and itsaffiliates -- http://www.greektowncasino.com/-- operate world-class casino gaming facilities located in Detroit's historicGreektown district featuring more than 75,000 square feet of casinogaming space with more than 2,400 slot machines, over 70 tablesgames, a 12,500-square foot salon dedicated to high limit gamingand the largest live poker room in the metropolitan Detroit gamingmarket.

The Company and seven of its affiliates filed for Chapter 11protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.08-53104). The Debtors hired Daniel J. Weiner, Esq., Michael E.Baum, Esq., and Ryan D. Heilman, Esq., at Schafer and Weiner PLLC,as their bankruptcy counsel; Judy B. Calton, Esq., at HonigmanMiller Schwartz and Cohn LLP, as their special counsel; ConwayMacKenzie & Dunleavy as their financial advisor, and KurtzmanCarson Consultants LLC as claims, noticing, and balloting agent. The Official Committee of Unsecured Creditors tapped Clark Hill PLCas its counsel.

Greektown Holdings listed assets and debts of $100 million to $500million in its bankruptcy petition.

On June 1, 2009, the Debtors filed a proposed Chapter 11 Plan ofReorganization. On Dec. 7, 2009, certain noteholder entities, theOfficial Committee of Unsecured Creditors of the Debtors, andDeutsche Bank Trust Company Americas, as indenture trustee,proposed their own plan of reorganization for the Debtors. On Jan.22, 2010, the Bankruptcy Court entered an order confirming theNoteholder Plan. The Plan was declared effective on June 30, 2010,after Greektown Casino Hotel obtained unanimous approval from theMichigan Gaming Control Board on June 28 of the transfer of theCompany's ownership from the Sault Ste. Marie Tribe of ChippewaIndian to new investors.

* * *

As reported by the TCR on Feb. 28, 2014, Standard & Poor's RatingsServices assigned Detroit-based gaming operator Greektown HoldingsLLC its 'B-' corporate credit rating. The 'B-' corporate creditrating reflects S&P's assessment of Greektown's business riskprofile as "vulnerable" and its assessment of the company'sfinancial risk profile as "highly leveraged," according to S&P'scriteria.

Jessica K. Altman, Acting Insurance Commissioner of theCommonwealth of Pennsylvania, was appointed the StatutoryLiquidator, and was ordered to take possession of HPIX's propertyand liquidate its business. Deputy Insurance Commissioner LauraLyon Slaymaker and her staff oversee the liquidation on theLiquidator's behalf.

Parties who want to pursue a claim against the estate of HPIX mustfile a fully completed proof of claim to have that claimconsidered.

Pursuant to the Pennsylvania Commonwealth Court's HPIX Order, theLiquidator will file an application with the Court in April 2018seeking to establish a claims filing deadline.

General questions about the liquidation process should be directedto and proof of claim forms can be obtained from:

* A proof of claim form containing the original signature ofthe claimant;

* A description of the claim and any security interest;

* Whether collateral security or personal security is pledgedin accordance with the terms of the policy;

* Documentation of any payments made on the claim;

* A statement that the amount is justly owed to the claimant;and

* Whenever a claim is based upon an instrument in writing,such as a contract, a copy of that document should be attached tothe proof of claim. If the document has been destroyed, astatement of the facts and circumstances of the loss must be filed,under oath, with the claim

A paid HPIX policy and any accompanying extending report periodwill terminate at its normal expiration, upon replacement orFebruary 11, 2018 (30 days from the date of liquidation), whicheveris soonest.

The story of the case sub judice began in March 2012, when MariaEugenia Rosales filed for divorce from her husband Hector RicardoCarmona in Laredo, Texas, which is located in Webb County. Althoughthe Parties entered into a mediated settlement agreement--whichultimately served as a basis for the entry of a Final Decree ofDivorce--a flurry of litigation, initiated by Carmona, ensued inthe United States of Mexico resulting in multiple foreign judgmentsbeing entered against Rosales.

The US Court has been tasked with determining whether seven MexicanJudgments entered against Rosales should be recognized by the USCourt under the Texas Recognition Act. In 2014, Carmona and Rosalessettled a contentious divorce, which involved, inter alia,Carmona's claim that Rosales fraudulently transferred the SACalichar Lot. Subsequent to the settlement, Carmona broughtlitigation against Rosales in Mexico resulting in seven MexicanJudgments. Rosales seeks that the US Court grant her Motion forNon-Recognition and decline to recognize any of the MexicanJudgments citing a lack of due process and impartial tribunals inMexico, the Mexican court's alleged lack of integrity, lack of dueprocess in the underlying Mexican proceedings, public policyarguments, and res judicata. Conversely, Carmona contends thatthere is no basis to deny recognition to the Mexican Judgments andrequests that the Court deny the Motion for Non-Recognition.

The US Court considered all five bases for denial under the TexasRecognition Act. The evidence before the Court simply does not meetthe high burden of demonstrating that the judgments rendered by theMexican judicial system does not provide impartial tribunals orprocedures compatible with the requirements of due process of lawand thus section 36A.004(b)(1) cannot serve as a basis to denyrecognition of the Mexican Judgments. The Court finds that itcannot deny recognition of the Mexican Judgments based on section36A.004(c)(7) because the judgments were not rendered incircumstances that raise substantial doubt about the integrity ofthe Mexican courts with respect to the judgments. Similarly, theCourt finds that it cannot deny recognition of the MexicanJudgments based on section 36A.004(c)(8) because the specificproceedings in the Mexican courts leading to the judgments wascompatible with the requirements of due process of law.

Although the cause of action underlying the Mexican Judgments isnot repugnant to Texas public policy, the Court finds that theMexican Judgments are directly in contravention with Texas publicpolicy and that it should decline to recognize the MexicanJudgments under section 36A.004(c)(3). Finally, the Court alsofinds that the Mexican Judgments should be denied recognitionbecause they conflict with another final and conclusive judgment,namely the MSA and Final Decree under section 36A.004(c)(4).

Accordingly, the motion for non-recognition is granted and theMexican Judgments should not be recognized by the Court.

A full-text copy of Judge Rodriguez's Memorandum Opinion dated Jan.19, 2018 is available at https://is.gd/dpWUd5 from Leagle.com.

HELIOS AND MATHESON: Empery Has 4.99% Stake as of Dec. 31---------------------------------------------------------Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoereported to the Securities and Exchange Commission that as of Dec.31, 2017, they beneficially own 17,733 shares of Common Stock;660,885 shares of Common Stock issuable upon conversion of theNotes; and 1,425,000 shares of Common Stock issuable upon exerciseof Warrants of Helios & Matheson Analytics Inc., constituting 4.99 percent of the shares outstanding. The percentage is based on23,481,253 shares of Common Stock issued and outstanding as of Dec.13, 2017, as represented in the Company's Prospectus Supplement onForm 424(b)(5) filed with the Securities and Exchange Commission onDec. 14, 2017 and assumes the conversion of the Company's reportednotes and the exercise of the Company's reported warrants eachsubject to the Blockers.

Pursuant to the terms of the Reported Notes and Reported Warrants,the Reporting Persons cannot convert the Reported Notes or exercisethe Reported Warrants to the extent the Reporting Persons wouldbeneficially own, after any such conversion or exercise, more than4.99% of the outstanding shares of Common Stock (the "Blockers").

The Company had a net loss of $7,381,071 and $2,110,117 for theyears ended Dec. 31, 2016 and 2015, respectively. As a result,these conditions had raised substantial doubt regarding its abilityto continue as a going concern.

As of Dec. 31, 2016, the Company had cash and working capital of$2,747,240 and $1,229,389, respectively. During the year endedDec. 31, 2016, the Company used cash from operations of $2,134,313. In addition, as of the date the financial statements were issued,the Company has notes receivable of $6,900,000 from a convertiblenote holder. Management believes that current cash on hand coupledwith the notes receivable makes it probable that the Company's cashresources will be sufficient to meet the Company's cashrequirements through approximately April 2018. If necessary,management also determined that it is probable that externalsources of debt and/or equity financing could be obtained based onmanagement's history of being able to raise capital coupled withcurrent favorable market conditions. As a result of bothmanagement's plans and current favorable trends in improving cashflow, the Company concluded that the initial conditions whichraised substantial doubt regarding the ability to continue as agoing concern have been alleviated.

HELIOS AND MATHESON: Will Sell $400 Million Worth of Securities---------------------------------------------------------------Helios and Matheson Analytics Inc. filed a Form S-3 registrationstatement with the Securities and Exchange Commission in connectionwith the offer and sell, in one or more offerings, of up to$400,000,000 in any combination of common stock, preferred stock,warrants, units and subscription rights.

The Company may offer these securities from time to time inamounts, at prices and on other terms to be determined at the timeof the offering. The Company may offer and sell these securitiesto or through underwriters, dealers or agents, or directly toinvestors, on a continuous or delayed basis. The supplements tothis prospectus will provide the specific terms of the plan ofdistribution. The price to the public of those securities and thenet proceeds we expect to receive from such sale will also be setforth in a prospectus supplement.

Helios and Matheson's common stock is listed on the Nasdaq CapitalMarket under the symbol "HMNY." On Jan. 24, 2018, the closingprice of its common stock as reported by the Nasdaq Capital Marketwas $9.15 per share.

A full-text copy of the Form S-3 prospectus is available for freeat https://is.gd/GUPmCz

The Company had a net loss of $7,381,071 and $2,110,117 for theyears ended Dec. 31, 2016 and 2015, respectively. As a result,these conditions had raised substantial doubt regarding its abilityto continue as a going concern.

As of Dec. 31, 2016, the Company had cash and working capital of$2,747,240 and $1,229,389, respectively. During the year endedDec. 31, 2016, the Company used cash from operations of $2,134,313. In addition, as of the date the financial statements were issued,the Company has notes receivable of $6,900,000 from a convertiblenote holder. Management believes that current cash on hand coupledwith the notes receivable makes it probable that the Company's cashresources will be sufficient to meet the Company's cashrequirements through approximately April 2018. If necessary,management also determined that it is probable that externalsources of debt and/or equity financing could be obtained based onmanagement's history of being able to raise capital coupled withcurrent favorable market conditions. As a result of bothmanagement's plans and current favorable trends in improving cashflow, the Company concluded that the initial conditions whichraised substantial doubt regarding the ability to continue as agoing concern have been alleviated.

HIGHVEST CORP: U.S. Trustee Unable to Appoint Committee-------------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Highvest Corp. as of Jan. 26,according to a court docket.

About Highvest Corp.

Based in Sebring, Florida, Highvest Corp. was founded in 2009 andis engaged in the wholesale distribution of distilled spirits,including neutral spirits and ethyl alcohol used in blended winesand distilled liquors.

Highvest Corp. filed a Chapter 11 petition (Bankr. S.D. Fla. CaseNo. 17-24166), on November 28, 2017. In its petition signed byAnthony R. Cozier, president, the Debtor estimated less than$50,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Paul G. Hyman, Jr. The Debtor isrepresented by Angelo A. Gasparri, Esq. of the Law Office of AngeloA. Gasparri.

Type of Business: Based in Moira, United Kingdom, ARRMA Durango Ltd., a subsidiary of Hobbico, Inc., provides engineering, R&D and design services in support of Hobbico's Arrma product line.

Hobbico is a designer, manufacturer, and distributor of radio control and general hobby products, including radio control vehicles, drones, model rockets, model kits, and general hobby products. Hobbico markets and sells thousands of these products across more than 250

brands, many of which are proprietary, including

Axial, ARRMA, Revell, Estes, Great Planes Model Manufacturing, DuraTrax, and Top Flite. ARRMA Durango has no meaningful income, as it performs

On Jan. 10, 2018, each of these affiliated entities filed apetition in the U.S. Bankruptcy Court for the District of Delawarefor relief under Chapter 11 of the Bankruptcy Code. The InitialDebtors have been granted joint administration of these cases underthe case number assigned to the Chapter 11 case of Hobbico,Inc. (Case No. 18-10055). The debtor-affiliates are:

HOBBICO INC: Seeks to Hire CR3, Appoint T. O'Donoghue as CRO------------------------------------------------------------Hobbico, Inc. seeks approval from the U.S. Bankruptcy Court for theDistrict of Delaware to hire Tom O'Donoghue, Jr. and his firm CR3Partners, LLC to provide restructuring and management services.

Mr. O'Donoghue, a partner at CR3, will serve as chief restructuringofficer of Hobbico and its affiliates in connection with theirChapter 11 cases.

The services to be provided by the CRO and his firm includereviewing the Debtors' financial results and projections;negotiating with creditors regarding restructuring; supervising thepreparation of financial statements; advising the Debtors onstrategic planning; and assisting them in managing keyconstituents.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in thedesign, manufacturing, marketing and distribution of thousands ofhobby products including radio-control and general hobby products. The company's merchandise includes a wide variety of radio-controlmodels from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650individuals in facilities that include its West Coast distributioncenter in Reno, Nevada, facilities in Penrose, Colorado and ElkGrove Village, Illinois and its corporate headquarters inChampaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,2018. The petitions were signed by Tom S. O'Donoghue, Jr., chiefrestructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of$100 million to $500 million.

Mr. Brownstone, senior principal of Keystone, will serve as interimpresident and chief operating officer of Hobbico and its affiliatesin connection with their Chapter 11 cases.

The services to be provided by the COO and his firm includereviewing and making business decisions for the Debtors; supportingthe Debtors' financial reporting activities; assisting in thepreparation of bank loan reporting; and providing analysis ofaccounting or operations information as requested by the chieffinancial officer or chief restructuring officer to satisfyrequests from their investment banker.

The Debtors will pay Keystone $20,000 per week for servicesprovided by Mr. Brownstone as interim president and COO. To theextent he is assisted by other Keystone professionals, they are tobe paid at these hourly rates:

Keystone received a $75,000 cash retainer on Oct. 1, 2017, whichwas increased to $100,000 on June 19, 2017.

Mr. Brownstone disclosed in a court filing that he and otherKeystone professionals do not hold or represent any interestadverse to the interests of the Debtors' estate, creditors andequity security holders.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in thedesign, manufacturing, marketing and distribution of thousands ofhobby products including radio-control and general hobby products. The company's merchandise includes a wide variety of radio-controlmodels from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650individuals in facilities that include its West Coast distributioncenter in Reno, Nevada, facilities in Penrose, Colorado and ElkGrove Village, Illinois and its corporate headquarters inChampaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,2018. The petitions were signed by Tom S. O'Donoghue, Jr., chiefrestructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of$100 million to $500 million.

The firm will provide bankruptcy administration services to Hobbicoand its affiliates, which include assisting in the solicitation,balloting and tabulation of votes; preparing reports in support ofconfirmation of a bankruptcy plan; and managing any distributionpursuant to the plan.

The Debtors have agreed to pay JND a retainer in the sum of$10,000.

Travis Vandell, chief executive officer of JND, disclosed in acourt filing that his firm is "disinterested" as defined in section101(14) of the Bankruptcy Code.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in thedesign, manufacturing, marketing and distribution of thousands ofhobby products including radio-control and general hobby products. The company's merchandise includes a wide variety of radio-controlmodels from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650individuals in facilities that include its West Coast distributioncenter in Reno, Nevada, facilities in Penrose, Colorado and ElkGrove Village, Illinois and its corporate headquarters inChampaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,2018. The petitions were signed by Tom S. O'Donoghue, Jr., chiefrestructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of$100 million to $500 million.

The firm will assist in preparing a report analyzing the strategicalternatives available to Hobbico and its affiliates; assist theDebtors in any financing, restructuring or sale transaction; andprovide other investment banking services in connection with theDebtors' Chapter 11 cases.

Lincoln Partners will be paid a monthly non-refundable cashadvisory fee of $75,000.

In connection with a financing transaction, the firm will be paid afee equal to (i) 1% of the committed amount of the first lien debt;plus, (ii) 2.5% on the committed amount of the second lien orunsecured debt; plus (iii) 4% on any committed amount of any otherdebt, preferred stock, or common stock raised if a transaction isconsummated. The minimum financing transaction fee is $500,000.

In connection with a sale transaction, the firm will be paid a feeequal to the greater of 2.5% of the "enterprise value" attributableto such transaction; and (ii) $600,000 for a transaction involvingonly one material business unit or subsidiary of Hobbico, and $1million for a transaction involving more than one material businessunit or subsidiary.

Meanwhile, Lincoln Partners will receive a fee equal to 1% of theoutstanding principal amount of any existing indebtedness effectedby any restructuring transaction.

Alexander Stevenson, managing director and head of LincolnPartners' Special Situations Group, disclosed in a court filingthat his firm is a "disinterested person" as defined in section101(14) of the Bankruptcy Code.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in thedesign, manufacturing, marketing and distribution of thousands ofhobby products including radio-control and general hobby products. The company's merchandise includes a wide variety of radio-controlmodels from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650individuals in facilities that include its West Coast distributioncenter in Reno, Nevada, facilities in Penrose, Colorado and ElkGrove Village, Illinois and its corporate headquarters inChampaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,2018. The petitions were signed by Tom S. O'Donoghue, Jr., chiefrestructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of$100 million to $500 million.

Morris Nichols received a payment of $100,000 from the Debtors asan advance fee.

Robert Dehney, Esq., a partner at Morris Nichols, disclosed in acourt filing that the firm is a "disinterested person" as definedin Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing feeapplications filed by attorneys in larger Chapter 11 cases, Mr.Dehney disclosed that his firm has agreed to a variation from, oralternative to, its standard or customary billing arrangements; andthat no Morris Nichols professional has varied his rate based onthe geographic location of the Debtors' cases.

Mr. Dehney also disclosed that his firm represented the Debtorsprior to the Petition Date and agreed to use discounted rates forits partners during that period.

Morris Nichols will work with the Debtors to approve a prospectivebudget and staffing plan for the firm's employment for thepostpetition period, according to Mr. Dehney.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in thedesign, manufacturing, marketing and distribution of thousands ofhobby products including radio-control and general hobby products. The company's merchandise includes a wide variety of radio-controlmodels from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650individuals in facilities that include its West Coast distributioncenter in Reno, Nevada, facilities in Penrose, Colorado and ElkGrove Village, Illinois and its corporate headquarters inChampaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,2018. The petitions were signed by Tom S. O'Donoghue, Jr., chiefrestructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of$100 million to $500 million.

The firm will advise the company and its affiliates regarding theirduties under the Bankruptcy Code; negotiate with creditors; giveadvice on financing and transactional matters; and provide otherlegal services related to the Debtors' Chapter 11 cases.

Neal Gerber received an initial retainer from the Debtors in thesum of $25,000. The firm received payments totaling $926,780 madewithin the 90 days prior to the petition date for pre-bankruptcyservices, including the preparation of the Debtors' cases. Thefirm currently holds a balance of $186,686.91 as an advancepayment.

Nicholas Miller, Esq., a partner at Neal Gerber, disclosed in acourt filing that his firm is a "disinterested person" as definedin section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing feeapplications filed by attorneys in larger Chapter 11 cases, Mr.Miller disclosed that his firm has not agreed to any variationsfrom, or alternatives to, its standard or customary billingarrangements; and that no Neal Gerber professional has varied hisrate based on the geographic location of the cases.

Mr. Miller also disclosed that the Debtors have already approvedthe prospective budget for the firm's employment for thepost-petition period.

Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in thedesign, manufacturing, marketing and distribution of thousands ofhobby products including radio-control and general hobby products. The company's merchandise includes a wide variety of radio-controlmodels from cars and boats to airplanes and helicopters.

Hobbico began in 1971 with just two people and now employs over 650individuals in facilities that include its West Coast distributioncenter in Reno, Nevada, facilities in Penrose, Colorado and ElkGrove Village, Illinois and its corporate headquarters inChampaign, Illinois.

Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10,2018. The petitions were signed by Tom S. O'Donoghue, Jr., chiefrestructuring officer.

Hobbico estimated assets of $10 million to $50 million and debt of$100 million to $500 million.

HOVNANIAN ENTERPRISES: BlackRock Has 8% of Shares as of Dec. 31---------------------------------------------------------------In a Schedule 13G/A filed with the Securities and ExchangeCommission, BlackRock, Inc. reported that as of Dec. 31, 2017, itbeneficially owns 10,521,695 shares of Class A common stock ofHovnanian Enterprises Inc., constituting 8 percent of the sharesoutstanding. A full-text copy of the regulatory filing isavailable for free at https://is.gd/CMAtUV

About Hovnanian Enterprises

Hovnanian Enterprises, Inc. (NYSE:HOV) -- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian, is headquartered in RedBank, New Jersey. The Company is a homebuilder with operations inArizona, California, Delaware, Florida, Georgia, Illinois,Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas,Virginia, Washington, D.C. and West Virginia. The Company's homesare marketed and sold under the trade names K. Hovnanian Homes,Brighton Homes and Parkwood Builders. As the developer of K.Hovnanian's Four Seasons communities, the Company is also a builderof active lifestyle communities.

Hovnanian Enterprises reported a net loss of $332.2 million for theyear ended Oct. 31, 2017, compared to a net loss of $2.81 millionfor the year ended Oct. 31, 2016. As of Oct. 31, 2017, HovnanianEnterprises had $1.90 billion in total assets, $2.36 billion intotal liabilities and a total stockholders' deficit of $460.37million.

* * *

In April 2016, Moody's Investors Service downgraded the CorporateFamily Rating of Hovnanian Enterprises to 'Caa2' and Probability ofDefault Rating to 'Caa2-PD'. The downgrade of the Corporate FamilyRating reflects Moody's expectation that Hovnanian will need todispose of assets and seek alternative financing methods in orderto meet its upcoming debt maturity wall.

In January 2018, S&P Global Ratings lowered its corporate creditrating on Red Bank, N.J.-based Hovnanian Enterprises Inc. to 'CC'from 'CCC+' and placed it on CreditWatch with negativeimplications. The downgrade follows Hovnanian's announcement of aproposed exchange offering for up to $185 million of its 8% seniornotes due 2019 with $26.5 million of cash, up to $99.9 million of13.5% unsecured notes due 2026, and up to $99.4 million of 5%unsecured notes due 2040. The exchange offer will be outstandinguntil Jan. 29, 2018.

As reported by the TCR on Jan. 9, 2018, Fitch Ratings haddowngraded Hovnanian Enterprises, Inc.'s (NYSE: HOV) Issuer DefaultRating (IDR) to 'C' from 'CCC' following the company's announcementthat it will be exchanging up to $185 million of its $236 million8% senior unsecured notes due Nov. 1, 2019 for a combination ofcash, new 13.5% senior unsecured notes due 2026 and new 5% seniorunsecured notes due 2040.

HUBBARD GROUP: Taps Sands Anderson as Legal Counsel---------------------------------------------------The Hubbard Group, LLC, seeks approval from the U.S. BankruptcyCourt for the Eastern District of Virginia to hire Sands AndersonPC as its legal counsel.

The firm will advise the Debtor regarding its duties under theBankruptcy Code and will provide other legal services related toits Chapter 11 case.

ILLINOIS STAR: Exclusive Plan Filing Period Extended Until March 2------------------------------------------------------------------Judge Laura K. Grandy of the U.S. Bankruptcy Court for the SouthernDistrict of Illinois, at the behest of Illinois Star Centre, LLC,has extended the exclusive period for filing a plan to andincluding March 2, 2018, and the exclusive period for obtainingacceptance of the plan is extended up to and including May 2,2018.

The Troubled Company Reporter has previously reported that theDebtor asked the Court to extend the exclusivity periods due to theDebtor's pending negotiations with its tenants and ongoinglitigation with its largest potential creditor.

Carmody MacDonald, P.C., is the Debtor's bankruptcy counsel, andHoffman Slocomb LLC, is its special counsel.

No official committee of unsecured creditors has been appointed inthe case.

INNA DANCE: U.S. Trustee Unable to Appoint Committee----------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Inna Dance Studio, Inc. as ofJan. 26, according to a court docket.

At the time of the filing, the Debtor disclosed that it hadestimated assets and liabilities of less than $50,000.

Judge John K. Olson presides over the case. Van Horn Law Group,P.A. is the Debtor's bankruptcy counsel.

INPIXON: Amends Prospectus on Proposed Units Sale-------------------------------------------------Inpixon filed with the Securities and Exchange Commission amendmentno. 1 to its Form S-1 registration statement relating to theoffering of a yet to be determined amount of Class A Units, witheach Class A Unit consisting of one share of its common stock, parvalue $0.001 per share, and one warrant to purchase share of itscommon stock. Each share of common stock and Warrant that are partof a Class A Unit are immediately separable and will be issuedseparately in this offering.

The Company is also offering to those purchasers, if any, whosepurchase of Class A Units in this offering would otherwise resultin the purchaser, together with its affiliates and certain relatedparties, beneficially owning more than 4.99% (or, at the electionof such purchaser, 9.99%) of its outstanding common stockimmediately following the consummation of this offering, or tothose purchasers that elect to purchase such securities in theirsole discretion, the opportunity, in lieu of purchasing Class AUnits, to purchase Class B Units. Each Class B Unit will consistof one share of the Company's newly designated Series 3 convertiblepreferred stock with a stated value of $ and convertibleinto shares of the Company's common stock, together with oneWarrant to purchase a number of shares of common stock as wouldhave been issued to such purchaser if such purchaser had purchasedClass A units based on the public offering price. The shares ofSeries 3 Preferred do not generally having any voting rights butare convertible into shares of common stock. The shares of Series3 Preferred and Warrants that are part of a Class B Unit areimmediately separable and will be issued separately in thisoffering.

On Jan. 22, 2018, the last reported sale price of the Company'scommon stock was $0.39 per share.

Inpixon's common stock is listed on The NASDAQ Capital Market underthe symbol "INPX." None of the Units, Series 3 Preferred or theWarrants will be listed on any national securities exchange orother trading market. Without an active trading market, theliquidity of these securities will be limited.

A full-text copy of the amended preliminary prospectus is availablefor free at https://is.gd/baJJHu

About Inpixon

Inpixon is a technology company that helps to secure, digitize andoptimize any premises with Indoor Positioning Analytics (IPA) forBusinesses and Governments in the connected world. Inpixon IndoorPositioning Analytics is based on radically new sensor technologythat finds all accessible cellular, Wi-Fi, Bluetooth and RFIDsignals anonymously. Paired with a high-performance, dataanalytics platform, this technology delivers visibility, securityand business intelligence on any commercial or government premisesworld-wide. Inpixon's products, infrastructure solutions andprofessional services group help customers take advantage ofmobile, big data, analytics and the Internet of Things (IoT).Inpixon is headquartered in Palo Alto, California.

Inpixon reported a net loss of $27.50 million in 2016 following anet loss of $11.72 million in 2015. As of Sept. 30, 2017, Inpixonhad $35.20 million in total assets, $51.67 million in totalliabilities and a total stockholders' deficit of $16.46 million.

Marcum LLP, in New York, NY, issued a "going concern" opinion inits report on the consolidated financial statements for the yearended Dec. 31, 2016, citing that the Company has recurring lossesfrom operations and expects to continue to have losses in theforeseeable future. These conditions raise substantial doubt aboutits ability to continue as a going concern.

JW ALUMINUM: Moody's Assigns B3 CFR; Outlook Stable---------------------------------------------------Moody's Investors Service assigned a B3 Corporate Family Rating(CFR) and a B3-PD Probability of Default Rating (PDR) to JWAluminum Holding Corp., a privately owned company. In addition,Moody's assigned a B3 rating to the company's proposed $300 millionsenior secured notes. The proceeds from the senior secured noteswill be used to repay the existing first lien term loan and fundthe development plans at one of its manufacturing operations. Theratings outlook is stable. This is the first time Moody's has ratedJW Aluminum Holding Corp.

Assignments:

Issuer: JW Aluminum Holding Corp.

-- Corporate Family Rating, Assigned B3;

-- Probability of Default Rating, Assigned B3-PD;

-- $300 million senior secured notes B3 (LGD4);

Outlook Actions:

Issuer: JW Aluminum Holding Corp.

-- Outlook, Assigned Stable

RATINGS RATIONALE

JW Aluminum's B3 corporate family rating reflects its small scale,high leverage, weak debt protection metrics and high capitalrequirements which will lead to negative free cash flow generationover next few years. A flat rolled aluminum products producer, thecompany sells into the building and construction, HVAC, packagingand container and transportation markets and has a strong orcompetitive market position in most of its product categories. Thecompany's largest market exposure is to the building andconstruction and HVAC markets. JW also benefits fromwell-established long-term customer relationships. While JWAluminum has four operating plants, its Mt. Holly plant is amaterial contributor to volumes, revenues and earnings. The ratingis constrained by the company's limited production capacity, around360MM/lbs annually, and exposure to operational concentration risksgiven the limited number of operating sites, and its exposure to asingle commodity business in the cyclical aluminum sector.

Factored into the rating is the execution risk, arising from thecompany's plans to modernize, or essentially rebuild one of itsoperating sites in 2 phases. While phase 1 will contribute to lowercosts and more efficient operations, start-up is anticipated forlate 2020 and Moody's expect the intervening time frame to evidencehigh leverage, in the range of 5x -- 6x, weak debt protectionmetrics, and negative free cash flow given the increased strategiccapital spending. Moody's anticipates that JW Aluminum willcontinue to benefit from increased activity and demand levels fromthe ongoing recovery in the building & construction and HVACsector, with some potential incremental benefit should theDepartment of Commerce reach a favorable final determination on thepreliminary antidumping determination on aluminum foil imports fromChina. As a consequence, Moody's expect a moderate increase in itsEBITDA over next 12-18 months.

JW Aluminum is expected to maintain adequate liquidity through thehigh capital spend period of plant construction phase as proceedsfrom the new senior secured note issue will be used to fund capitalexpenditures over the construction period. The company hashistorically maintained very low levels of cash which couldincrease its reliance on its ABL facility ($90 million) given thatnegative free cash flow is anticipated through 2020. The companycould return to positive free cash flow in 2021.

The stable ratings outlook the company's operating results tomoderately improve over the next 12 to 18 months and reflectsMoody's expectation that industry conditions in the end marketsserved will continue to depict favorable fundamentals. The outlookalso anticipates that no significant issues related to theconstruction of the new facility will arise.

The B3 rating on the senior secured notes reflects theirpreponderance of debt in the capital structure and expectations forno borrowings under the ABL for the next twelve to eighteen months.The rating on the notes also considers the pre-funding of thecapital investment and the collateral position improving as theconstruction advances. The notes are guaranteed by the company'swholly-owned domestic subsidiaries and are primarily secured by afirst-priority lien on the company's fixed assets. The notes have asecond lien on the assets securing the ABL.

JW Aluminum's small scale and strategic investment program limitsthe upside potential in its rating. However, successful executionof Phase I of construction and the resultant expansion inproduction capacity and unit cost reduction would be positive forthe rating. Maintaining a leverage ratio below 5.0x, an interestcoverage ratio above 2x and being free cash flow generative couldcreate positive momentum in JW Aluminum's rating.

Negative rating pressure could develop if the company experiencesany significant issues related to its expansion projects. Anymaterial disruptions that result in weaker than expected operatingperformance, or higher than anticipated negative free cashgenerations that lead to heavy reliance on the ABL facility andreduction in its ability to meet compliance covenants under itscredit agreement could result in a downgrade. The leverage ratiobeing sustained above 5.5x or the interest coverage ratiopersisting below 1.0x could lead to a downgrade.

The principal methodology used in these ratings was Steel Industrypublished in September 2017.

Headquartered in South Carolina, JW Aluminum produces rolledaluminum products that serves the building and construction,transportation, HVAC and packaging sector. The Company operatesfour manufacturing facilities located in Mt. Holly, South Carolina;Russellville, Arkansas; St. Louis, Missouri; and Williamsport,Pennsylvania.

LAYNE CHRISTENSEN: BlackRock Has 6.1% Stake as of Dec. 31---------------------------------------------------------BlackRock, Inc. reported to the Securities and Exchange Commissionthat as of Dec. 31, 2017, it beneficially owns 1,203,505 shares ofcommon stock of Layne Christensen Company, constituting 6.1 percentof the shares outstanding. A full-text copy of the regulatoryfiling is available for free at https://is.gd/5n25As

About Layne Christensen Co.

Layne Christensen Company -- http://www.layne.com/-- is a global water management and services company, with more than 130 years ofindustry experience, providing solutions to address the world'swater, minerals and infrastructure challenges. The company'scustomers include government agencies, investor-owned utilities,industrial companies, global mining companies, consultingengineering firms, heavy civil construction contractors, oil andgas companies, power companies and agribusiness. Layne Christensenoperates on a geographically dispersed basis, with approximately 72sales and operations offices located throughout North America,South America, and through our affiliates in Latin America. Laynemaintains executive offices at 1800 Hughes Landing Boulevard, Suite800, The Woodlands, Texas 77380.

Layne Christensen reported a net loss of $52.23 million for theyear ended Jan. 31, 2017, a net loss of $44.80 million for the yearended Jan. 31, 2016, and a net loss of $109.32 million for the yearended Jan. 31, 2015.

As of Oct. 31, 2017, Layne Christensen had $389.47 million in totalassets, $335.43 million in total liabilities and $54.03 million intotal equity.

"With respect to our 4.25% Convertible Notes, we have retainedadvisors to assist us in evaluating alternatives and raisingcapital to refinance or extend our debt to a date beyond October15, 2019, and eliminate the accelerating maturity provisions of the8.0% Convertible Notes. We believe the refinance or extension ofour debt is likely based on current on-going discussions withexisting and new potential lenders, our improving financialperformance and credit quality, and the fact that our stock priceis above the $11.70 conversion price for the 8% Convertible Notes.Although we believe these refinancing options are viable andlikely, because our plans to refinance or restructure our debt havenot been finalized, and therefore are not in our control (in part,due to the fact that neither of our Convertible Notes can beprepaid or have redemption provisions prior to February 2018),these plans are not considered probable under the new standard.Consequently, per the standard, these conditions, in the aggregate,raise substantial doubt about our ability to continue as a goingconcern within one year after the date these financial statementsare filed," said the Company in its quarterly report for the periodended Oct. 31, 2017.

LBM BORROWER: Moody's Alters Outlook to Pos. & Affirms B3 CFR-------------------------------------------------------------Moody's Investors Service changed the rating outlook for LBMBorrower, LLC ("US LBM") to positive from stable. In the samerating action, Moody's affirmed the company's B3 Corporate FamilyRating ("CFR"), its B3-PD Probability of Default Rating ("PDR"),the B3 rating on the company's $850 million outstanding first liensenior secured term loan due 2022, and the Caa2 rating on its $220million second lien senior secured term loan due 2023, and assignedan SGL-3 Speculative Grade Liquidity Rating.

The change in rating outlook to positive from stable reflects USLBM's expansion in scale and broad geographic presence achievedorganically and through acquisitions over the years, its improvedoperating efficiencies as a broad-based building productsdistributor, and Moody's expectation that over the next 12 to 18months the company will generate improving free cash flow andde-lever through earnings growth below 5.0x Moody's-adjusted debtto EBITDA. Moody's estimate the company's current leverage to standaround mid 5.0x and EBITDA less capex to interest coverage at 1.9xpro forma for acquisitions and for the contemplated repricing offirst lien debt. Moody's expects that over the next 12 to 18 monthsUS LBM will sustain its organic growth (that averaged at 7% overthe recent years) as well as maintain its 7% EBITDA margin, whichhas modestly improved from a few years ago. The company willcontinue to pursue its growth through acquisitions strategy,however, Moody's expect the pace to be less aggressive with reducedreliance on its revolving credit facility.

$220 million second lien senior secured term loan due 2023,affirmed at Caa2 (LGD5);

Speculative Grade Liquidity Rating, assigned SGL-3.

RATINGS RATIONALE

US LBM's B3 Corporate Family Rating reflects 1) the company'sleveraged capital structure, 2) a history of aggressive debt-fundedacquisition strategy and the associated integration risks, 3)highly cyclical residential construction end markets, thin marginsinherent to distributors, and weak free cash flow generation thatpersisted due to fast pace of acquisitions, and 4) long term risksassociated with potential shareholder-friendly actions given theprivate equity ownership of the company. US LBM's rating issupported by 1) the favorable conditions across the homebuildingindustry, from which the company derives a meaningful proportion(63%) of its total revenues, repair and remodeling market,accounting for 22% of revenues, and commercial construction (12% ofrevenues), 2) the company's good market positions within variousgeographic regions it operates in allowing it to competesuccessfully in a fragmented industry that predominately consistsof smaller independent distributors, 3) its diverse product mix ofspecialty building materials, and 4) a track record of strongrevenue scale improvements and expansion in geographic footprint,accomplished organically and through acquisitions.

The SGL-3 Speculative Grade Liquidity Rating reflects US LBM'sadequate liquidity profile, supported by the flexibility under thespringing covenant in its $275 million ABL credit agreement, andthe recently improving free cash flow generation and revolveravailability as a result of the reduced pace of acquisitions.However, Moody's note that the company's aggressive pace ofacquisitions has resulted in weak free cash flow generation andreduced revolver availability in the past.

The ratings could be upgraded if the company successfully completesintegration of the acquired businesses, demonstrates a track recordof earnings generation through organic growth and acquisitions thatresults in debt to EBITDA sustained below 5.0x, generates positivefree cash flow and revenues above $2.5 billion, and maintains asolid liquidity profile.

The ratings could be pressured downward if the company's endmarkets weaken and cause revenues to decline, if debt levelincreases either as a result of on-going acquisitions or ameaningful dividend distribution without an offsetting increase inearnings, or if the acquired businesses do not perform up toexpectations. The ratings could also be downgraded if the company'sliquidity were to deteriorate.

The principal methodology used in these ratings was Distribution &Supply Chain Services Industry published in December 2015.

US LBM, founded in 2009 and headquartered in Buffalo Grove, IL, isa specialty building materials distributor, with 237 operatinglocations across 29 states, primarily serving custom homebuilders,remodelers, and specialty contractors. Since August 2015, US LBMhas been owned by Kelso & Company. As of the last twelve monthsending September 30, 2017, US LBM generated approximately $3.06billion in pro forma revenues.

LECTRUS CORPORATION: Committee Taps Husch Blackwell as Counsel--------------------------------------------------------------The official committee of unsecured creditors of LectrusCorporation seeks approval from the U.S. Bankruptcy Court for theEastern District of Tennessee to hire Husch Blackwell LLP as itslegal counsel.

The firm will advise the committee regarding its duties under theBankruptcy Code; assist the committee in analyzing any financingproposed by Lectrus and its affiliates; review claims of creditors;assist the committee in analyzing the terms of any proposed sale orplan of reorganization; and provide other legal services related tothe Debtors' cases.

The attorneys and paraprofessionals who will be representing thecommittee and their hourly rates are:

Type of Business: The Legal Coverage Group Ltd. aka LCG, Ltd. is a Pennsylvania Subchapter S corporation. LCG, Ltd., the exclusive provider of HELP Legal Plan, was founded in 1995 with the singular goal of modernizing and ultimately perfecting the concept of the employee legal plan. Headquartered in the suburbs of Philadelphia, Pennsylvania, HELP is a privately held employee legal plan servicing worksites of all sizes and industries on a regional and national level, while maintaining the industry's highest rates of retention through unparalleled, unlimited, and fully comprehensive benefits services provided by only partner level attorneys. Visithttp://www.lcgltd.comfor more information.

Chapter 11 Petition Date: January 26, 2018

Case No.: 18-10494

Court: United States Bankruptcy Court Eastern District of Pennsylvania (Philadelphia)

LEVI STRAUSS: Fitch Affirms BB IDR & Revises Outlook to Positive----------------------------------------------------------------Fitch Ratings has affirmed the ratings for Levi Strauss & Co.,including the Issuer Default Rating (IDR) at 'BB'. The RatingOutlook has been revised to Positive from Stable. Levi had USD1.1billion of debt outstanding as of Aug. 27, 2017.

The ratings reflect Levi's strong brand, market share and operatinginitiatives, which should collectively drive low- to mid-singledigit annual EBITDA growth over the next 24-36 months. Fitchexpects leverage to trend in the low to mid 3x range (3.4x on a TTMbasis as of 3Q 2017), assuming flat debt levels. The ratings alsorecognize the secular challenges in the mid-tier apparel industry,mitigated somewhat by Levi's geographic diversity, minimal fashionexposure, and presence across a wide spectrum of distributionchannels. The Positive Outlook reflects the combination of Levi'simproved topline results and completion of its multi-year GlobalProductivity Initiative, which could result in Levi adopting a morearticulated financial policy and increase Fitch's confidence inleverage sustaining near or below current levels. The Outlook couldbe stabilized if the company's operations weaken or if the companyexecutes a debt-financed transaction which results in leveragesustaining above 3.5x; a downgrade could result if leverage issustained over 4.0x.

KEY RATING DRIVERS

Stabilized Top Line: Levi has produced stable-to-improving top lineresults, with 3% growth recorded in 2016 (ended November 2016),following 1% growth in 2015 and 3% growth in 2014 (all figuresconstant currency basis). Constant currency revenue growth hasaccelerated in the first nine months of 2017 to 6%, driven by 18%growth in Europe (approximately 26% of sales) as the companyexpands its retail footprint. Constant currency growth in theAmericas (around 57% of sales) and Asia (around 17% of sales) was2% in the same period. Fitch expects around 5% revenue growth in2017 and around 2% annual revenue growth beginning in 2018.

Levi's modestly positive constant currency growth over the pastfour to five years is evidence of the company's somewhat resilientbusiness model in the face of apparel industry volatility,particularly for U.S. brick-and-mortar mid-tier apparel retailers.The company's product portfolio is primarily basic denim product,which is more replenishment-oriented and relatively lesssusceptible to significant fashion trends over time. The company isalso broadly distributed across retail channels, includingdepartment store and specialty, but also generalmerchandise/discount and online; thus Levi is somewhat agnostic tothe impact of shifts in shopping channels.

Management has outlined three strategic initiatives that shouldsupport Fitch's expectation of low single digit positive salesgrowth over time, despite Levi's somewhat mature business profile.The first is to drive the profitable core businesses and brandsthrough product innovation and strengthened customer relationships.The core businesses are the Levi's men's bottoms business globally,the Dockers brand in the U.S. and key global wholesale accounts,such as Wal-Mart Stores Inc. (AA/Stable) and J. C. Penney Co., Inc.(B+/Stable).

The second initiative is to expand Levi's presence inless-penetrated product categories and markets. Businesses toexpand include men's tops and outerwear, women's, and key emergingmarkets such as Russia, India and China. Levi's women's line Revelsupported growth in recent years, especially in key emergingmarkets.

Finally, Levi plans to grow its company-owned and omnichannelpresence. The company's owned retail stores and online channelaccounted for 28% of sales in 2016, with multibrand retailers andfranchised Levi's locations accounting for the remaining 72%.Direct-to-consumer online sales were around 3% of total companysales. Levi plans to grow its company-owned and online penetrationrates through retail unit expansion and investments in itse-commerce operations to improve the online customer experience andfunctionality.

Levi is completing a multiyear cost-reduction program originallyannounced in 2014. Fitch projects this program will benefit EBITDAby around USD150 million net of reinvestments through fiscal 2017.Reported EBITDA, however, has trended near USD600 million over thepast four years due to the negative impact of the strong U.S.dollar. Despite the completion of the company's cost-reductionprogram in fiscal 2017, Fitch expects Levi to continue to examineits cost structure for efficiency opportunities. Ongoing expensemanagement and modest topline growth provides Levi the ability tocontinue growth investments and gain market share over time.

Evolving Financial Policy: Levi ended 2016 with leverage at 3.5x,significantly lower than the recent peak of 5.3x in 2011. Whilesome of the improvement was due to EBITDA growth, the company alsodirected FCF toward debt paydown, reducing debt around 50% toUSD1.1 billion beginning 2012 through the end of 2016. Given itsimproved credit profile and lower debt, Fitch expects minimal debtreduction from current levels. With around USD200 million inprojected annual FCF, Levi has increased optionality around use ofFCF for growth investments, including tuck-in acquisitions. Fitchcurrently expects leverage to modestly decline to 3.4x in 2017 onEBITDA growth and further decline to around 3.2x over the nextthree years on higher EBITDA, assuming flattish debt levels.

The company has not articulated a formal financial policy, likelydue to its focus on cost management and debt reduction in recentyears. With its cost reduction program ending in 2017 and Fitch'sexpectation that Levi will not focus FCF deployment toward furtherdebt reduction, Levi may be more willing to publicly provide acapital framework that includes strategies around FCF deployment,M&A and targeted leverage metrics. A public financial policy whichincreases Fitch's confidence in leverage remaining below 3.5xalongside expectations of low single digit growth in constantcurrency and EBITDA could yield positive rating action.

RECOVERY CONSIDERATIONS

Fitch does not employ a waterfall recovery analysis for issuersassigned 'BB'. The further up the speculative grade continuum arating moves, the more compressed the notching between the specificclasses of issuances becomes.Fitch assigned a 'BBB-'/'RR1' rating to the senior securedrevolver, indicating outstanding recovery prospects (91%-100%) inthe event of default. The unsecured eurobonds and senior notes areexpected to have average recovery prospects (31%-50%) and are rated'BB'/'RR4'.

DERIVATION SUMMARY

Levi's 'BB' ratings reflect the company's position as one of theworld's largest branded apparel manufacturers, with broad channeland geographic exposure, while also considering the company'ssomewhat narrow focus on menswear and the denim category. Thecompany benefits from its broad distribution across departmentstores, specialty, mass, and discount in addition toself-distribution (around 28% of sales are generated fromcompany-operated stores and its online presence). The company'smargin and leverage profile improved in recent years from a focuson expense management and more stable constant currency revenuegrowth, somewhat mitigated by the negative impact of thestrengthening U.S. dollar.

Levi's leverage is similar to The Gap Inc. and L Brands, Inc. (bothrated BB+/Stable). Levi is somewhat focused on the denim categorycompared with Gap's broader product assortment, but, Levi has amore diverse channel and geographic exposure. Levi's leverage hashistorically exceeded that of Gap and only recently has improvedleverage to the mid-3.0x range on EBITDA improvement and debtreduction. L Brands has historically been a strong operator, butits commitment to returning cash to shareholders via equitybuybacks and dividends has restricted the rating.

beginning 2018 after around 5% growth in 2017; -- EBITDA improves in 2017 to around USD600 million from USD580 million in 2016 on revenue growth, and towards the mid-USD600 million range beginning 2018; -- Free cash flow (FCF) of USD200 million annually starting in 2017 after dividends of approximately USD70 million; -- Adjusted leverage could trend from 3.5x in 2016 to 3.4x in 2017 on EBITDA growth and toward 3.2x thereafter on continued EBITDA expansion, assuming no further debt paydown and barring

A positive rating action would be considered if Levi sustained lowsingle digit increases in constant currency revenue and EBITDA,coupled with a publicly articulated financial policy, whichincreases Fitch's confidence in leverage sustaining under 3.5x.

Fitch could stabilize Levi's outlook if Levi's EBITDA fell to thelow to mid USD500 million range, yielding leverage sustained over3.5x. Debt-financed special dividends or a leveraging transactionsuch that leverage would be expected to sustain over 3.5x couldalso cause a stabilization to the outlook.

A negative rating action would be considered if topline weaknessand increased marketing/promotion investments drive EBITDA to themid-USD400 million range, resulting in sustained adjusteddebt/EBITDAR over 4.0x.

LIQUIDITY

Liquidity remains strong, with approximately USD491 million ofavailable cash on hand and USD681 million of revolver availabilityat Aug. 27, 2017. Fitch projects annual FCF after dividends tohover around USD200 million through 2020.

The USD850 million revolving credit facility is secured by U.S. andCanadian inventories, receivables and the U.S. Levi trademark, andbenefits from upstream guarantees from the domestic operatingcompanies.

The company amended its credit facility in May 2017, extending thematurity through March 2022. The interest rate for borrowings underthe credit facility was reduced to LIBOR plus 125bps-175bps fromLIBOR plus 125bps-200bps, depending on borrowing base availability.The range of the rate for undrawn availability was reduced to 20bpsfrom 25bps-30bps, depending on the company's credit ratings.

Availability is subject to a borrowing base, essentially defined as95% of credit card receivables, plus 85% of net eligible accountsreceivable, plus 50% of raw materials inventory, plus 95% offinished goods inventory, plus 100% of cash in the collateralaccount and the U.S. Levi trademark. The borrowing base totaledUSD726 million as of Aug. 27, 2017, which left net availability ofUSD681 million after netting USD45 million for LOC.

In April 2017, Levi issued EUR475 million of privately placed3.375% senior unsecured notes due 2027. Net proceeds, together withcash on hand, were used to repay the company's USD525 million of6.875% notes due 2022. Following the refinancing, Levi's nextmaturity is USD500 million of unsecured notes due 2025.

Business Description: Lincoln Enterprise, LLC, is a privately held Florida limited liability company whose principal assets are located at 226 Lincoln Road Miami Beach, FL 33139. The company is equally owned by Joseph Cohen and LED Trust, LLC.

Chapter 11 Petition Date: January 25, 2018

Court: United States Bankruptcy Court Southern District of Florida (Miami)

Moody's confirmation of LCM's ratings with negative outlookreflects the firm's developing business strategy that focuses onthe retention of the junior tranches, the "B-pieces", of the loansecuritizations the firm sponsors. As LCM's loan originationoperations continue to grow, its holdings of risk retentionrule-compliant B-pieces -- the most subordinate and "first loss"class -- will also increase, resulting in a weaker credit profile.Partially mitigating the increased risk from holding the B-piecesis LCM's capitalization, which remains within the tolerance levelset for its B1 rating, despite a reduction from historical levels.Moody's will continue to monitor LCM's operating performance -including profitability, capitalization, funding, underwritingstandards - and measure the implications on the firm's creditprofile.

In November 2017, LCM's equity contribution commitment from itsowners was reduced by $160 million, from $560 million to $400million. Although LCM's capital base of $160 million of retainedearnings remains intact, the capital commitments - which LCM cancall on from its owners - has been reduced to an amount up to $240million, down from $400 million. The reduction in the amount ofcapital commitments is credit negative and weakens the firm'sfunding profile.

LCM has modest positioning in the commercial real estate lendingspace, having only a brief operating history dating to 2011. Thefirm's leverage, while low, has increased and it is highly relianton wholesale funding, which encumbers earning assets. LCM'sprofitability has been solid with no credit losses to date.However, Moody's note that given that LCM was founded in 2011, ithad no legacy assets from before the credit crisis. It also hasbeen operating amidst generally favorable market conditions overits short operating history. The firm's earnings can exhibit somedegree of volatility stemming from securitization gains.

A rating upgrade is unlikely, given that the ratings are onnegative outlook. The outlook could be stabilized if Moody's comesto believe that LCM's lower capital levels would be adequate forits future business needs, incorporating the new risk retentionrules.

LCM's ratings could be downgraded if Moody's determines that LCM'splanned reduction in capitalization, in conjunction with increasedholdings amounts of B-piece securities in connection with the riskretention rules, would weaken its credit profile.

The principal methodology used in these ratings was FinanceCompanies published in December 2016.

LOOKIN UP: Taps Florin Roebig as Special Counsel------------------------------------------------Lookin Up Enterprises, Inc., seeks approval from the U.S.Bankruptcy Court for the Middle District of Florida to hire FlorinRoebig, P.A. as its special counsel.

The firm will assist the Debtor in pursuing a claim for damagesagainst the City of St. Petersburg for loss of income resultingfrom the city's release of sewage into Tampa Bay.

The Debtor has agreed to pay Florin Roebig from any gross recoverythese fees:

(1) 33 1/3% of any gross recovery of up to $1 million from thetime of execution of their personal injury contract until the timeof filing of an answer or until a demand for appointment ofarbitrators, or if liability is admitted, until the time an answeradmitting liability is filed;

(2) 40% of any gross recovery of up to $1 million from the timean answer is filed through the trial of the case;

(3) 30% of that portion of the gross recovery, which is between$1 million to $2 million unless liability is admitted at the timean answer is filed in which case 20% of such portion of the grossrecovery;

(4) 20% of that portion of the gross recovery, which is in excessof $2 million unless liability is admitted at the time an answer isfiled in which case 15% of such portion of the gross recovery; and

(5) 5% of each gross recovery in addition to the fee schedule ifan appeal is necessary.

If no recovery is made, the Debtor is not obligated to pay fees orcosts to the firm.

Lookin Up Enterprises Inc. is a boat club and rental business whichdelivers medium sized power boats to renters and members alike in aunique format and pricing structure. Based in St. Petersburg,Florida, Lookin Up filed a Chapter 11 petition (Bankr. M.D. Fla.Case No. 17-08036) on Sept. 18, 2017. At the time of filing, theDebtor estimated $50,001 to $100,000 in assets and $500,001 to $1million in liabilities. The Debtor's counsel is Buddy D Ford,Esq., at Buddy D. Ford P.A.

LSB INDUSTRIES: BlackRock Inc. Has 9.2% Equity Stake----------------------------------------------------BlackRock, Inc. disclosed in a Schedule 13G/A filed with theSecurities and Exchange Commission that as of Dec. 31, 2017, itbeneficially owns 2,606,250 shares of common stock of LSBIndustries, Inc., constituting 9.2 percent of the sharesoutstanding. A full-text copy of the regulatory filing isavailable for free at https://is.gd/pPvJfM

About LSB Industries, Inc.

Headquartered in Oklahoma City, Oklahoma, LSB Industries, Inc. --http://www.lsbindustries.com/-- manufactures and sells chemical products for the agricultural, mining, and industrial markets. TheCompany owns and operates facilities in Cherokee, Alabama, ElDorado, Arkansas and Pryor, Oklahoma, and operates a facility for aglobal chemical company in Baytown, Texas. LSB's products are soldthrough distributors and directly to end customers throughout theUnited States.

LSB reported net income attributable to common stockholders of$64.76 million for the year ended Dec. 31, 2016, compared to a netloss attributable to common stockholders of $38.03 million in 2015. As of Sept. 30, 2017, LSB Industries had $1.19 billion in totalassets, $582.54 million in total liabilities, $167.1 million inredeemable preferred stocks and $445.2 million in totalstockholders' equity.

* * *

In November 2017, S&P Global Ratings affirmed its 'CCC' corporatecredit rating on Oklahoma City-based LSB Industries Inc. S&P saidthe company continues to experience operational issues at both itsEl Dorado and Pryor plants, and although the company has shownimproved operating results thus far in 2017, S&P still viewsleverage metrics to be at unsustainable levels for the next year.

In November 2016, Moody's Investors Service downgraded LSB'scorporate family rating (CFR) to 'Caa1' from 'B3', its probabilityof default rating to 'Caa1-PD' from 'B3-PD', and the $375 millionguaranteed senior secured notes to 'Caa1' from 'B3'. LSB's 'Caa1'CFR rating reflects Moody's expectations that the combineduncertainty over operational reliability and the compressedmargins, resulting from the low nitrogen fertilizer pricingenvironment, could result in continued weak financial metrics for aprotracted period.

"The stable outlook reflects our view that Lucid Energy Group IIHoldings LLC will execute the expansion of its gas gathering andprocessing infrastructure in the cost-competitive Northern Delawarebasin. We expect volume throughput on the system to expand fromincreased drilling on the dedicated acreage and expansion projectson the company's South Carlsbad system. We expect any additionalvolumes will continue to be supported by long-term fixed-feecontracts. Under our base-case scenario, we are expectingdebt-to-EBITDA to decline to 4.5x-5.5x in 2018 mainly driven by theimproving cash flows from increased throughput volumes on thesystem from commissioning of projects under development andincreased drilling on the company's dedicated acreage.

"We could raise the rating if we see an increase in the scale andscope of the operations via increased throughput volumes on thesystem, which could come from new contracts or expansion projects.Improved diversity by commodity-type and geography would also helpimprove scale and scope. We could also consider raising the ratingif we saw a decline in commodity-sensitive cash flow below current15% levels. In addition, we could consider raising the rating ifthe company consistently maintains debt-to-EBITDA below 4x.

"We could consider lowering the rating if we expect debt-to-EBITDAto stay above 5x by 2019, which would likely be due tolower-than-expected volumes on the system or increased levels ofdebt to finance the expansion projects. In addition, if we believelower-than-anticipated volumes or higher operating or capitalspending prolongs the time when the company becomes cash flowpositive, we might lower the rating."

LUKE'S LOCKER: Plan Filing Deadline Moved to Feb. 20----------------------------------------------------Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for theEastern District of Texas, upon the fourth motion filed by Luke'sLocker Incorporated, 2L Austin, LLC and The Quality Lifestyle I,Ltd., has extended the deadline by which the Debtors mayexclusively file a plan of reorganization until Feb. 20, 2018, andthe deadline for approving the plan of reorganization until April23, 2018.

The Troubled Company Reporter has previously reported that theDebtors sought for an additional 60-day extension of the exclusivedeadline to file a chapter 11 plan, as well as the exclusivedeadline to confirm said plan.

The Debtors believed that the additional time requested will allowthem to better project the future profitability of their remainingstores, which will aid in framing a chapter 11 plan or movingforward with a potential sale. The Debtors claimed that creditorswill also benefit from the requested extension because, byobtaining a better understanding of the Debtors' future prospects,the Debtors will be better able to ensure that any plan or salethey propose will be feasible and will maximize the payment to allof its creditors.

The Debtors related that before filing for bankruptcy protection,they operated retail stores throughout Texas, known as Luke'sLocker. After the bankruptcy filing, the Debtors permanentlyclosed their Austin, Highland Village, Houston, Katy, Woodlands,Southlake, and Plano stores and ultimately rejected the storeleases associated with those closed locations.

The Debtors related that they have also closed their corporateoffice and rejected their central distribution warehouse lease. TheDebtors currently intended to continue operating only their Dallasand Fort Worth stores.

The Debtors mentioned that since the filing of their bankruptcycase, the Debtors and their restructuring team have implementedsignificant changes to the way the Debtors manage and operate theirbusiness. These changes have drastically improved the efficiency ofthe Debtors' business and the Debtors' profitability. However, theDebtors' pre-petition store closings and bankruptcy filing werehighly publicized, and while the Debtors' sales and operations arerecovering, the Debtors expected that it will take additional timebefore the Debtors' reputation recovers from the stigma associatedwith the pre-petition and post-petition store closings andbankruptcy filing and for their operations and sales to stabilize.

The Debtors expected to be able to better ascertain theprofitability of their stores and have a better idea of what amountwill be available to pay creditors from future projected operationsunder a plan of reorganization or a potential sale of assets overthe next 60 days. The Debtors have been working a dual-pathapproach by engaging in discussions with potential purchasers for asale of their businesses in addition to formulating a potentialplan of reorganization.

The Debtors' management has been working with counsel to move thismatter expeditiously. The Debtors have made three prior requestsfor extension of exclusivity, and the current exclusivity expireson December 22, 2017. The Debtors believed that this extension willgive them the ability to structure a plan that is in the bestinterest of the creditors, the estates, and the Debtors.

About Luke's Locker Incorporated

Luke's Locker Incorporated, owner of Luke's Locker fitness andrunning stores in Texas, and its affiliates sought Chapter 11protection (Bankr. E.D. Tex. Lead Case No. 17-40126) on Jan. 24,2017. The petitions were signed by Matthew Lucas, president andCEO. The cases are assigned to Judge Brenda T. Rhoades.

Luke's Locker estimated $1 million to $10 million in assets andliabilities.

No trustee or examiner has been appointed in the Debtors' cases.

MADEESMA INTERNATIONAL: U.S. Trustee Unable to Appoint Committee----------------------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Madeesma International FundingGroup LLC as of Jan. 26, according to a court docket.

MADEESMA INVESTMENT: U.S. Trustee Unable to Appoint Committee-------------------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 case of Madeesma Investment Group LLCas of Jan. 26, according to a court docket.

About Madeesma Investment Group LLC

Based in Miami, Florida, Madeesma Investment Group LLC is aninvestment company founded in 2010.

MAMMOET-STARNETH: Taps Rust Consulting as Balloting Agent---------------------------------------------------------Mammoet-Starneth LLC seeks approval from the U.S. Bankruptcy Courtfor the District of Delaware to hire Rust Consulting/OmniBankruptcy as balloting agent.

The firm will provide all services related to the solicitation ofvotes on the Debtor's proposed Chapter 11 plan of liquidation,which include the preparation of voting reports, tabulation ofvotes and providing testimony at the hearing to confirm the plan.

Rust Consulting will provide its services at hourly rates between$25 and $155, not to exceed $10,000 without court approval, plusreimbursement of work-related expenses.

Paul Deutch, executive managing director of Rust Consulting,disclosed in a court filing that his firm is a "disinterestedperson" as defined in section 101(14) of the Bankruptcy Code.

S&P said, "We also affirmed the 'B' issue-level rating on thecompany's senior secured 2nd lien notes and the '3' recoveryrating, which indicates a meaningful recovery (50%-70%; roundedestimate: 50%) in the event of default.

"The outlook revision reflects our expectation for continuedoperating improvement in 2018, building upon modest recovery inend-market demand in the second and third quarters of 2017. In2018, we expect modest growth from North American and Europeanconstruction activity, increased sales from new product launches,and stabilizing energy markets to help offset continued softnessin infrastructure demand and weak growth prospects in the MiddleEast and Asia. With these expectations, we believe that Manitowoc'sadjusted debt to EBITDA will improve to about 6x in 2018 from themid-to-high-6x area in 2017. Although we expect the company'sleverage to remain high, we also believe that it will begin togenerate modest free operating cash flow (FOCF) in 2018 whilemaintaining adequate liquidity, including availability under itsasset-based lending (ABL) facility. We do not anticipate thecompany's springing fixed charge covenant under its ABL to betested given our expectation for significant ABL availabilitythrough 2018.

"The stable outlook reflects our expectation that strong demand fortower cranes, new product launches, and benefits from previousrestructuring initiatives will enable the company to improvemargins and reduce leverage to around 6x over the next twelvemonths.

"We could lower our rating on the company if operating performancewere to be significantly weaker than we expect, resulting inleverage above 6.5x over the next 12 months with limited prospectsfor improvement. This could occur if revenues fell by 12% or more,margins contracted by at least 150 basis points, or both. We couldalso consider lowering our rating if sustained, negative free cashflow constrained liquidity such that availability under its ABLdeteriorates, increasing the risk that its springing minimumfixed-charge covenant could be tested.

"Although unlikely, we could raise our rating on MTW if itsoperating performance substantially improves, allowing the companyto generate modest free cash flow and sustain leverage at less than5.0x. We would also expect the company to sustain fixed-chargecoverage well above the 1.0x covenant requirement. Under thisscenario, we would need to believe management's financial andstrategic policies would support these improved credit metrics.Alternatively, we would also consider raising the rating if thecompany is able to significantly reduce its exposure to globalcrane demand and/or sustain EBITDA margins above 11%."

MERRIMACK PHARMACEUTICALS: BlackRock Has 6.1% Stake as of Dec. 31-----------------------------------------------------------------In a Schedule 13G filed with the Securities and ExchangeCommission, BlackRock, Inc. reported that as of Dec. 31, 2017, itbeneficially owns 813,041 shares of common stock of MerrimackPharmaceuticals Inc., constituting 6.1 percent of the sharesoutstanding. A full-text copy of the regulatory filing isavailable for free at https://is.gd/dnA4zN

About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc. --http://www.merrimack.com/-- is a biopharmaceutical company discovering, developing and commercializing innovative medicinesconsisting of novel therapeutics paired with diagnostics for thetreatment of cancer. The Company was founded by a team ofscientists from The Massachusetts Institute of Technology andHarvard University who sought to develop a systems biology-basedapproach to biomedical research. The Company's initial focus is inthe field of oncology. The Company has five programs in clinicaldevelopment. In it most advanced program, the Company isconducting a pivotal Phase 3 clinical trial.

The report from PricewaterhouseCoopers LLP, the Company'sindependent registered public accounting firm for the year endedDec. 31, 2016, includes an explanatory paragraph stating that theCompany has negative working capital and cash outflows fromoperating activities that raise substantial doubt about its abilityto continue as a going concern.

As of Sept. 30, 2017, Merrimack had $197.84 million in totalassets, $86.21 million in total liabilities, and $111.63 million intotal stockholders' equity. Merrimack reported a net loss of$153.51 million in 2016, a net loss of $147.78 million in 2015 anda net loss of $83.55 million in 2014.

MILK HOUSE: $142K Private Sale of Chimney Field to Shores Approved------------------------------------------------------------------Judge Lena Mansori James of the U.S. Bankruptcy Court for theMiddle District of North Carolina authorized The Milk House, LLC'sprivate sale of Chimney Field, more specifically Lots 1 through 11and Lots 13 through 27, and all of Chimney Field Road, as shown onthat plat recorded in Plat Book 9, at Pages 836-837, Yadkin CountyRegistry, to Walter and Priscilla Shore for $141,720.

The Sale is approved free and clear of any and all liens,encumbrances, claims, rights, and other interests, including butnot limited to the security interests of Farm Credit and TriangleChemical, and Farm Credit will receive 100% of the net Saleproceeds.

No tax recapture and no realtor commissions will be payable at theclosing of the Sale.

The 14-day automatic stay under Bankruptcy Rule 6004(h) is waived.

About The Milk House

Headquartered in Yadkinville, North Carolina, The Milk House, LLC,is a single asset real estate. The Milk House filed for Chapter 11bankruptcy protection (Bankr. M.D.N.C. Case No. 17-50460) on April27, 2017, estimating its assets at between $500,000 and $1 millionand liabilities at between $1 million and $10 million. WalterShore, managing member, signed the petition.

No official committee of unsecured creditors has been appointed inthe case.

MOTORS LIQUIDATION: Court Finds Proposed Settlement 'Unenforceable'-------------------------------------------------------------------As previously disclosed, including most recently on Nov. 13, 2017in its Quarterly Report on Form 10-Q, the Motors LiquidationCompany GUC Trust is involved in litigation concerning purportedeconomic losses, personal injuries and/or death suffered by certainlessees and owners of vehicles manufactured by General MotorsCorporation prior to its sale of substantially all of its assets toNGMCO, Inc., n/k/a General Motors LLC. Certain of the PotentialPlaintiffs have filed lawsuits against New GM, filed motionsseeking authority from the Bankruptcy Court for the SouthernDistrict of New York to file claims against the GUC Trust, or aremembers of a putative class covered by those actions.

The GUC Trust was previously engaged in discussions with certain ofthe Potential Plaintiffs regarding a potential settlement of theLate Claims Motions and various related issues, and thosediscussions had meaningfully progressed. The GUC Trust ultimatelydid not execute the Potential Plaintiff Settlement. Instead, aftercareful consideration and negotiations, the GUC Trust entered intoa Forbearance Agreement with New GM by which (i) the GUC Trustagreed not to seek an order estimating the claims of the PotentialPlaintiffs or seek the issuance of additional "Adjustment Shares"from New GM until the final resolution of certain litigation, (ii)New GM agreed to pay the costs of the GUC Trust's litigation inconnection with the Late Claims Motions and related litigation, and(iii) New GM and the GUC Trust agreed to negotiate an appropriaterate of return from New GM should any GUC Trust distributions beheld up solely due to the Late Claims Motions litigation.

On Sept. 11, 2017, the Potential Plaintiffs filed a motion with theBankruptcy Court seeking an order that the Potential PlaintiffSettlement was binding on the GUC Trust notwithstanding the factthat no party executed the Potential Plaintiff Settlement. OnSept. 12, 2017, the GUC Trust filed a motion seeking approval ofthe Forbearance Agreement.

On Jan. 18, 2018, the Bankruptcy Court entered a Memorandum Opinionand Order denying the Potential Plaintiffs' Motion to Enforce. Indenying the Motion to Enforce, the Bankruptcy Court found that theunexecuted Potential Plaintiff Settlement was not enforceablebecause it contained an unambiguous provision that it would notbecome enforceable until executed. In so finding, however, theBankruptcy Court also found, among other things, that the GUCTrust's decision to abandon the Potential Plaintiff Settlement inlieu of the Forbearance Agreement was a "flouting of the spirit ofthe law" and "founded in bad faith." The GUC Trust disagrees withthese findings by the Bankruptcy Court and is determining whetherto appeal or otherwise formally contest them.

The Bankruptcy Court further directed in the Enforcement Decisionthat counsel for all relevant parties promptly meet and confer todraft a proposed schedule for completing discovery, briefing andhearings of the Late Claims Motions. Counsel were directed to filean agreed proposed schedule, or separate proposed schedules if noagreement can be reached, on or before Feb. 9, 2018. Counsel forthe GUC Trust has taken steps to comply with the Bankruptcy Court'sdirection. The Bankruptcy Court will conduct a schedulingconference on Feb. 21, 2018 at 10 a.m.

The Bankruptcy Court also cautioned in the Enforcement Decisionthat approval of the Forbearance Agreement "may not beforthcoming." As of Jan. 24, 2018, no hearing with respect to theForbearance Motion has been scheduled by the Bankruptcy Court.

The U.S. Trustee appointed an Official Committee of UnsecuredCreditors and a separate Official Committee of Unsecured CreditorsHolding Asbestos-Related Claims. Lawyers at Kramer Levin Naftalis& Frankel LLP served as bankruptcy counsel to the CreditorsCommittee. Attorneys at Butzel Long served as counselon supplier contract matters. FTI Consulting Inc. served asfinancial advisors to the Creditors Committee. Elihu Inselbuch,Esq., at Caplin & Drysdale, Chartered, represented the AsbestosCommittee. Legal Analysis Systems, Inc., served as asbestosvaluation analyst.

The Bankruptcy Court entered an order confirming the Debtors'Second Amended Joint Chapter 11 Plan on March 29, 2011. The Planwas declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved. On theDissolution Date, pursuant to the Plan and the Motors LiquidationCompany GUC Trust Agreement, dated March 30, 2011, between theparties thereto, the trust administrator and trustee -- GUC TrustAdministrator -- of the Motors Liquidation Company GUC Trust,assumed responsibility for the affairs of and certain claimsagainst MLC and its debtor subsidiaries that were not concludedprior to the Dissolution Date.

MUNCIE COMMUNITY SCHOOLS: S&P Cuts Bonds Rating to 'BB-'--------------------------------------------------------S&P Global Ratings lowered its underlying rating for credit programon Muncie Community Schools, Ind.'s bonds one notch to 'BB-' from'BB'. At the same time, S&P Global Ratings removed the bonds fromCreditWatch, where they had been placed with negative implicationsMarch 17, 2017. The outlook on the underlying rating is stable.

S&P Global Ratings affirmed its 'AA+' long-term program rating onthe corporation's existing debt. S&P said, "The 'AA+' ratingreflects our view of the school corporation meeting our IndianaState Aid Intercept Program rating criteria and on our assessmentof the strength of the state aid intercept structure based onSection 20-48-1-11 of the Indiana Code."

S&P said, "For most of 2017, we were concerned about the district'sability to meet core priority payments, including debt service, dueto the district's lack of cash and our view of limited financialtransparency. Since then, communications with the district andemergency managers have allowed us to feel more comfortable aboutthe district's budget and liquidity position and its ability andwillingness to meet core priority payments in the short term. Thefact that the district is under the state oversight now alsosomewhat mitigates our concerns, hence our removal of theCreditWatch placement."

"We lowered the underlying rating one notch because we believe thedistrict still faces major ongoing uncertainties and exposure toadverse business, financial, or economic conditions that could leadto an inability to meets its financial commitments," said S&PGlobal Ratings credit analyst Anna Uboytseva. "Specifically, thedowngrade reflects an unaddressed cash deficit of at least $9.3million, rapidly declining enrollment and limited capacity toreduce spending that will likely amplify the budget risks in thefuture, and significant management turnover," Ms. Uboytseva added.

S&P said, "The stable outlook on the program rating reflects ourassessment of the strength of Indiana's State Aid Interceptstructure, and our expectation that the corporation will maintainits eligibility to participate in the program.

"The stable outlook on the 'BB-' underlying rating reflects ouropinion that the district's liquidity position and budgetarybalance have improved, and are unlikely to deterioratesignificantly in the short term. The fact that the district isunder the state oversight somewhat mitigates our concerns about thefuture financial deterioration. We still think that financialtransparency is an issue; it skews the comparability of financialprojections and unofficial 2017 year-end report with the 2016 form9 report, in our opinion.

"We could consider a higher rating in the next year if the newmanagement team improves financial transparency and works toaddress the large deficit and if we feel management's restorativeactions will be effective and sustainable.

"We could lower the rating if we find that management's actions toaddress the deficit and financial transparency are ineffective orif it takes too long for the new team to take actions and financialconditions worsen as a result."

OKEECHOBEE CC-I LAND: U.S. Trustee Unable to Appoint Committee--------------------------------------------------------------An official committee of unsecured creditors has not yet beenappointed in the Chapter 11 cases of Okeechobee CC-I Land Trust andits affiliates as of Jan. 26, according to a court docket.

At the time of the filing, the Debtor disclosed that it hadestimated assets and liabilities of $1 million to $10 million.

OMNI LION'S RUN: Exclusivity Extension Motion Dismissed as Moot---------------------------------------------------------------The Hon. Ronald B. King of the U.S. Bankruptcy Court for theWestern District of Texas ordered that Omni Lion's Run L.P. andOmni Lookout Ridge L.P.'s motion for extension of the theirexclusivity periods be dismissed as moot.

On Jan. 23, 2018, the Court held a hearing on the third motion ofDebtors for court order pursuant to Section 1121(d) of the U.S.Bankruptcy Code extending the exclusive period during which theDebtors may file a plan of reorganization and the period theDebtors may solicit acceptances thereof, and it appeared to theCourt that the motion should be dismissed as moot.

As reported by the Troubled Company Reporter on Dec. 7, 2017, theDebtors filed a motion asking the Court for an additional extensionof their exclusive filing period to Feb. 5, 2018, and theirexclusive solicitation period to April 5, 2018, without prejudiceto their rights to seek additional extensions thereof.

Omni Lion's Run, L.P., sought protection under Chapter 11 of theBankruptcy Code (Bankr. W.D. Tex. Case No. 17-60329) on May 2,2017. Drew G. Hall, its manager, signed the petition. Judge RonaldB. King presides over the case. At the time of the filing, theDebtor estimated assets and liabilities of less than $50,000.

ONE HORIZON: Will Acquire 51% Membership Interests in 123 Wish--------------------------------------------------------------One Horizon Group, Inc., has entered into an Exchange Agreement toacquire 51% of the membership interests in ONCE IN A LIFETIME LLC,d/b/a 123Wish.

123Wish, available in the Apple App Store, Google Play andwww.123wish.com, is a subscription-based, experience marketplacethat focuses on providing users with exclusive opportunities toenjoy personalized, dream experiences with some of the world's mostrenowned social media influencers including Super Influencer JakePaul and Team 10 as well as celebrities, professional athletes,fashion designers, and artists while supporting a diverse range ofcharities.

The influencer or celebrity for each 123Wish experience selects aphilanthropic cause to benefit or is randomly matched to anon-profit organization. Once the charitable contribution goal foran experience has been met and the designated timeframe for entryhas expired, 123Wish randomly selects the winner who receivesexclusive access to interact with the influencer or celebrity. Yet,everyone who enters wins a specialized gift for participation,which may include limited edition merchandise, gift cards orpersonalized video or voice messages from experience contributors.

Each 123Wish subscriber will soon have a digital wallet and willreceive four digital coins each month that his or her subscriptionremains active, which the subscriber may contribute to charity.OHGI and 123Wish are committed to making at least $1,000,000 indigital coin value available for charitable contribution premisedon the number of subscribers. Development for inclusion of thecoin technology is underway and OHGI will be providing blockchainintegration.

In order to deliver authentic and unique lifestyle experiences,123Wish will launch experiences with social media influencers,music artists and other celebrities that have been embraced byGeneration Z. TGZ Capital, L.P., the Gen Z focused venture capitalfund, owned five percent of 123Wish pre-acquisition and becomes anOHGI shareholder pursuant to this transaction.

"We executed the Exchange Agreement ahead of schedule based on thecommitment of everyone involved and we are grateful to have theopportunity to welcome 123Wish founders Natalia Diaz, AndrewResnick and TGZ Capital as OHGI stakeholders," said One HorizonGroup's founder, president and CEO, Mark White. "Subscribers, fansand likes have become a new form of currency and advertising spendis usually driven by perceived reach rather than fixed-costs. Thus, in addition to the importance of verifiable charitablegiving, we see future opportunities in the use of digital coins formedia buying."

OHGI has entered into a multi-year Employment Agreement withNatalia Diaz, who will remain the President and CEO of 123Wish.Natalia Diaz is an expert in mobile, social media, gaming and webplatform development and has provided services to several Fortune500 and other innovative company clients that rely on social-mediamonetization.

"After getting to know Mark White and the team at One HorizonGroup, it quickly became clear that we are alignedphilosophically," said 123Wish Co-Founder, President and CEO,Natalia Diaz. "As part of a NASDAQ-listed technology company withaccess to the capital markets, we believe that we can deliver thehigh-value experiences desired by Gen-Zers and Millennials and moveat the fast pace of the new brand landscape driven by social mediainfluencers underpinning Web 3.0 and the proliferation of socialmedia through a marketplace of experiences."

"After spending years developing web properties that reach tens ofmillions of unique visitors on a monthly basis, I realized thatsocial media is not only an incredible platform for advertising andsales; it is the new framework for contribution," said 123WishCo-Founder, technology entrepreneur and real estate mogul, AndrewResnick. "I also believe that digital coins, which allow forefficient and transparent transactions, provide the means for agenerational shift in charitable giving. Given access to OHGIinnovation and its commitment to development of digital cointechnology that makes a social impact, I am confident that thistransaction will deliver measurable value on many fronts."

"Beyond business, 123Wish enables me to fulfill my personal goal togive back and empower our youth through contribution," added123Wish Co-Founder, President and CEO, Natalia Diaz. "This is veryimportant for me as I recognize the power of influencers to make areal difference and teach the next generations that by includinggiving in their lives, dreams do come true."

"Based on the detailed financial models we have analyzed, we remainconfident that the acquisition will be accretive in 2018 and weexpect 123Wish will generate significant revenue in 2018 commencingwith the expected launch of scheduled experiences in the first andsecond quarters of 2018," added One Horizon Group's Founder,President and CEO, Mark White. "We remain focused on ourcommitment to deliver substantial value to OHGI shareholders."

A full-text copy of the Exchange Agreement is available at:

https://is.gd/lwS48c

About One Horizon Group

Based in Limerick, Ireland, One Horizon Group, Inc. (NASDAQ: OHGI)-- http://www.onehorizongroup.com/-- is a reseller of secure messaging software for the growing gaming, security and educationmarkets including in China and Hong Kong.

The Company's independent accountants Cherry Bekaert LLP, in Tampa,Fla., issued a "going concern" opinion in its report on theCompany's consolidated financial statements for the year ended Dec.31, 2016, stating that the Company has recurring losses andnegative cash flows from operations that raise substantial doubtabout its ability to continue as a going concern.

One Horizon reported a net loss of $5.54 million on $1.61 millionof revenue for the year ended Dec. 31, 2016, compared to a net lossof $6.30 million on $1.53 million of revenue for the year ended in2015. As of Sept. 30, 2017, One Horizon had $8.67 million in totalassets, $4.25 million in total liabilities and $4.42 million intotal stockholders' equity.

According to the Company's Form 10-Q for the period ended Sept. 30,2017, "[T]he Company will pursue its revised operations andbusiness plan. The Company expects to incur further non cashlosses in 2017 which, when combined with any costs incurred inpursuing acquisition of new businesses, may generate negative cashflows. As of Sept. 30, 2017, the Company did not have anyavailable credit facilities. As a result, it is in the process ofseeking new financing by way of sale of either convertible debt orequities. While it has been successful in the past in obtainingthe necessary capital to support its investment and operations,there is no assurance that it will be able to obtain additionalfinancing under acceptable terms and conditions, or at all. In theevent that the Company is unable to obtain sufficient additionalfunding when needed in order to fund operations, it would not beable to continue as a going concern and may be forced to severelycurtail or cease operations and liquidate the Company."

OYSTER COMPANY: Has Final OK to Obtain DIP Financing From OCVA--------------------------------------------------------------The Hon. Keith L. Phillips of the U.S. Bankruptcy Court for theEastern District of Virginia has entered a final order authorizingOyster Company of Virginia, LLC, to obtain post-petition financingfrom OCVA Holdings, LLC.

As reported by the Troubled Company Reporter on Dec. 29, 2017, theDebtor sought permission from the Court to obtain $150,000 inpostpetition financing from OCVA. On Nov. 1, 2017, the Debtorfiled its motion to (i) approve compromise with Half ShellPartners, LLC, and William and Patricia Loughridge and (ii) shortennotice and memorandum in support thereof. A court order wasentered on Dec. 6, 2017, approving the settlement. As part of thesettlement, OCVA will pay and provide payment of $150,000 to theLoughridges by Dec. 31, 2017. The Debtor negotiated with theLender, who is a related entity to the Debtor, for certaindebtor-in-possession financing, and the parties have agreed to theterms thereof, which the Debtor believes are normal and customary(if not more favorable to the Debtor than current market terms) forfinancing of this nature. The Debtor sought the Financing to fundthe Initial Payment.

About Oyster Company of Virginia

The Oyster Company of Virginia promotes the sustainable return ofthe native 'Virginia Oyster' ("Crassostrea virginica") as the basisfor the health of the Chesapeake Bay and its ecosystem byaccelerating programs and projects with proven results andenlisting its Virginia Watermen as an important part of thesolution.

OCVA has developed specific programs and projects using modeled andmeasured science from scientists and other individuals from highlyregarded institutions as the basis for creating value addedsolutions for restoring the Chesapeake Bay's oyster populationwhile balancing the commodities (fisheries) with restoration(habitat).

On Nov. 4, 2016, the Chapter 7 case was converted to a Chapter 11case. The case is assigned to Judge Keith L. Phillips.

The U.S. trustee for Region 4 on Dec. 23, 2016, appointed sevencreditors of Oyster Company of Virginia, LLC, to serve on theofficial committee of unsecured creditors. The Committee retainedChristian & Barton, LLP, as counsel.

* * *

On July 6, 2017, the Debtor filed a Plan of Reorganization, and aDisclosure Statement pursuant to Section 1125 of the BankruptcyCode.

PES Administrative Services, LLC, serves as the guarantor. Theloan will mature on July 31, 2018.

a) the stated maturity date: the earlier of (i) July 31, 2018, (ii) the Effective Date, (iii) the consummation of a

sale or other disposition of all or substantially all assets of the Debtors under the U.S. Bankruptcy Code Section 363, and (iv) the date of acceleration of the Loans in accordance with Article VII;

b) the date of the substantial consummation of a reorganization plan that is confirmed pursuant to an order

of the Court; and

c) the acceleration of the Loans and the termination of the commitments with respect to the DIP Facility in accordance

herewith.

Refining ABL Adequate Protection includes:

-- a valid, perfected replacement security interest in and lien upon the Refining Collateral in accordance with the priorities shown in the interim court order and in each case subject to the carve out;

-- an allowed superpriority administrative expense claim as provided for in Section 507(b) of the Bankruptcy Code against the Refining Debtors in the amount of the Refining

ABL Adequate Protection Claim with priority in payment over any and all administrative expenses of the kind specified or ordered pursuant to any provision of the Bankruptcy Code; and

-- current cash payments of the reasonable and documented pre- and post-petition fees and expenses incurred payable to the Refining ABL Agent under the Refining ABL Agreements, including, but not limited to, the reasonable and documented fees and disbursements of counsel.

Refining TLB Adequate Protection includes:

-- a valid, perfected replacement security interest in and lien upon the Refining Collateral in accordance with the priorities shown in the interim court order and in each case subject to the carve out;

-- an allowed superpriority administrative expense claim (in the Refining Debtors' cases only) as provided for in Section 507(b) of the Bankruptcy Code in the amount of the

Refining TLB Adequate Protection Claim with priority in payment over any and all administrative expenses of the kind specified or ordered pursuant to any provision of the

Bankruptcy Code;

-- current cash payment when due for all interest at the non- default rates provided for in the Refining TLB Credit Agreement;

-- current cash payments of all reasonable and documented pre- and post-petition fees and expenses, which payments will be made in the manner provided for in paragraph 16(e)

of the interim court order, including, but not limited to:

(i) in the case of each of the Refining TLB Agent and the Ad Hoc TLB Lenders, the reasonable and documented fees and

disbursements of counsel to the Refining TLB Agent and counsel to the Ad Hoc TLB Lenders, (ii) in the case of the

Ad Hoc TLB Lenders, (A) the fees and expenses of Houlihan Lokey Capital,Inc., including, for the avoidance of doubt,

the financing fee and completion fee payable in accordance

with the terms of the Houlihan Lokey Engagement Letter and

(B) the reasonable and documented fees and expenses of Ramboll Environ US Corporation incurred in connection with

an environmental review with respect to properties of the Debtors; provided, that in the event the Restructuring Support Agreement is terminated, the Debtors will continue to pay any such fees incurred by Ramboll until two business days after the Debtors provide written notice

to the Ad Hoc TLB Lenders and Ramboll that no additional fees of Ramboll will be paid.

The Logistics Parties Adequate Protection includes:

-- payment of interest and fees to the holders of Logistics Credit Agreement Claims at the non-default contract rate and accrual of interest to each of the foregoing at the default contract rate, in each case payable solely from the assets of the Logistics Debtors;

-- payment of reasonable fees and expenses for each of (A) the Logistics Agent and (B) the Consenting Logistics Creditors, in each case including pre- and postpetition documented fees and expenses of counsel, financial and other reasonably necessary advisors,;

-- subject to the Logistics carve out, liens on unencumbered assets of the Logistics Debtors, replacement liens on all other assets of the Logistics Debtors and superpriority claims as provided for in section 507(b) of the Bankruptcy

Code against the Logistics Debtors for any diminution in the value of the interest in collateral of the holders of Logistics Credit Agreement Claims, with all liens being perfected by the interim court order; and

-- subject to the Logistics Carve Out, no senior or pari passu claims on any assets of the Logistics Debtors.

As to any lender, the several and not joint obligation of theLender, if any, to make a loan to the borrower in a principalamount not to exceed the amount set forth under the heading"Commitment" opposite the Lender's name on the DIP CreditAgreement. The aggregate amount of the Commitments of all Lendersis $120 million. Each DIP Lender severally agrees to make loans tothe Refining Debtors on any business day on the closing date, in anamount not to exceed the amount of the Commitments of the DIPLender. The DIP Loans may from time to time be Eurodollar Loans orABR Loans, as determined by the Refining Debtors and notified tothe DIP Agent in accordance with Sections 2.02 and 2.07 of the DIPCredit Agreement.

Each Eurodollar Loan will bear interest for each day during eachinterest period with respect thereto at a rate per annum equal tothe Eurodollar Rate determined for the day plus the applicablemargin.

If all or a portion of the principal amount of any Loan will not bepaid when due (whether at the stated maturity, by acceleration orotherwise), all overdue Loans will bear interest at a rate perannum equal to in the case of the Loans, the rate that wouldotherwise be applicable thereto pursuant to the foregoingprovisions of this Section plus 2% and (ii) if all or a portion ofany interest payable on any Loan or other amount payable hereunderwill not be paid when due, the overdue amount will bear interest ata rate per annum equal to the rate then applicable to ABR Loansunder the relevant Facility plus 2% in each case, with respect toclauses (i) and (ii) above, from the date of such nonpayment untilthe amount is paid in full (as well after as before judgment).

Interest will be payable in arrears on each interest payment date,provided that interest accruing will be payable from time to timeon demand.

These milestones must be reached:

-- the interim DIP court order will be entered within five days of the Petition Date;

-- the final DIP court order will be entered within 45 days of the Petition Date;

-- the Disclosure Statement court order and confirmation order within 90 days of the Petition Date;

-- the confirmation order will be entered within 90 days of the Petition Date;

-- the final DIP court order will be entered within 45 days of the Petition Date;

-- the Disclosure Statement court order will be entered within 60 days of the Petition Date;

-- the effective date will have occurred no later than 120 days after the confirmation order is entered; unless, after entry of the confirmation order, the Required Consenting Term Loan B Creditors deliver notice to the Debtors in accordance with Section 4.01(f) of the Restructuring Support Agreement, in which case the Effective Date will have occurred no later than 30 days after delivery of the notice; and

-- the Effective Date will have occurred no later than July 31, 2018.

The Debtors must pay these fees:

-- the DIP commitment fee, which is 5.0% of the new equity in

the form of New Class A Common Stock, subject to dilution by the Management Incentive Plan;

-- the conversion fee, which is payable to all of the DIP Lenders in the amount of 2.5% of the New Equity, subject to dilution by the Management Incentive Plan; and

-- cash fee, which is payable to all the DIP Lenders upon funding of the DIP Facility equal to 2.0% of the DIP Facility, payable in cash.

The DIP Lenders have agreed to convert the DIP Facility into anexit facility upon emergence, providing the Debtors with continuedaccess to liquidity even after the pendency of the Chapter 11cases. If approved, the Refining Debtors will use the proceeds ofthe DIP Financing to, among other things, fund the RefiningDebtors' general and corporate operating needs during thecontemplated period of the chapter 11 cases.

The Debtors were able to obtain the terms of the DIP Financing andRestructuring Support Agreement based on many months of hardfought, arm's-length negotiations with their key stakeholders,which resulted in the settlement embodied in the Plan andRestructuring Support Agreement. The terms of this settlement aredependent on approval of this DIP Financing and the Debtorsobtaining confirmation of, and then consummating, the Plan in thetime frame set forth in the DIP Credit Agreement. Moreover, theRefining Debtors are unable to obtain the financing as unsecuredcredit pursuant to Section 364(a) or (b) of the Bankruptcy Code,allowable as an administrative expense under section 503(b)(1) ofthe Bankruptcy Code, or as secured credit pursuant to section364(c) of the Bankruptcy Code on more favorable terms from othersources.

The Debtors say that the use of Refining Cash Collateral alonewould be insufficient to meet the Refining Debtors' postpetitionliquidity needs. The DIP Financing provides liquidity that isessential to fund the administrative cost of these Chapter 11 casesand, critically, to pay suppliers and other participants in theDebtors' supply chain in the ordinary course to ensure thecontinuing and uninterrupted flow of inputs to the Debtors that isthe lifeblood of the Debtors' businesses.

Without access to the DIP Financing, the Debtors likely would needto liquidate in the near term, to the serious detriment of theirstakeholders.

The Debtors believe that the DIP Financing gives the Debtorssufficient liquidity to stabilize their operations and fund theadministration of these Chapter 11 cases as the Debtors seek toimplement the restructuring contemplated by the Plan. Finally, theDebtors believe that the DIP Financing is on the most favorableterms available, presents the best -- and likely only -- option forthe Debtors to reorganize their businesses as a going concern, wasnegotiated in good faith and at arm's length, and will allow theDebtors to maximize the value of their estates for the benefit ofall parties in interest.

Alvarez & Marsal North America, LLC, is the Debtors' restructuringadvisor.

Rust Consulting/Omni Bankruptcy is the Debtors' notice and claimsagent.

PIN OAK: Agrees With Watchdog on Appointment of Chapter 11 Trustee------------------------------------------------------------------The Acting United States Trustee, John P. Fitzgerald, III, asks theU.S. Bankruptcy Court for the Northern District of West Virginia todirect the appointment of a chapter 11 trustee to administer thebankruptcy case of Pin Oak Properties, LLC.

Pin Oaks' primary secured creditor is General Acquisitions LLC whois owed approximately $15,000,000. Pin Oaks also owes numerous taxcreditors and general trade creditors. The U.S. Trustee was unableto muster an unsecured creditors' committee.

The U.S. Trustee relates that throughout the chapter 11 proceeding,Pin Oaks and General Acquisition have had an acrimoniousrelationship that recently resulted in General Acquisitions issuinga subpoena to United Bank for statements for Pin Oaks' bankaccounts. United Bank produced bank statements.

After reviewing the bank statements and discussing the status ofthe case with Pin Oaks' counsel and counsel for GeneralAcquisitions, Pin Oaks has agreed that the appointment of a chapter11 trustee will better advance the case and provide a new level ofconfidence for creditors that a reorganization or liquidation willbe timely advanced.

An official committee of unsecured creditors has not been appointedin the Chapter 11 case of Pin Oak Properties, LLC, as of July 27,according to a court docket.

POINT.360: Hires GlassRatner as Financial Consultant----------------------------------------------------Point.360, seeks authority from the U.S. Bankruptcy Court for theCentral District of California to employ GlassRatner Advisory &Consulting Group, LLC, as financial consultant to the Debtor.

GlassRatner will also be reimbursed for reasonable out-of-pocketexpenses incurred.

J. Michael Issa, principal of GlassRatner Advisory & ConsultingGroup, LLC, assured the Court that the firm is a "disinterestedperson" as the term is defined in Section 101(14) of the BankruptcyCode and does not represent any interest adverse to the Debtor andits estates.

Point.360 filed a voluntary petition for reorganization underChapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No.17-22432) on Oct. 10, 2017. Haig S. Bagerdjian, the Company'sChairman, President and CEO, signed the petition.

The Debtor disclosed total assets of $11.14 million and total debtof $14.77 million as of March 31, 2017.

On Dec. 18, 2017, the Patriot Funds distributed shares of theCompany that they beneficially owned to their limited partners, whoreceived a total of 1,747,673 of the Company's common shares. KirkW. Wycoff, a general manager of each of the Patriot Funds, is alsoa director of the Company.

In addition to owning 384,186 of the Company's common shares, thePatriot Funds owned 1,371,600 of the Company's non-voting commonshares before the Distribution. As a result of the Distribution,(i) the 1,371,600 non-voting common shares held by the PatriotFunds automatically converted into 1,371,600 voting common shares,in accordance with the Company's articles of incorporation, and(ii) the number of the Company's common shares outstandingincreased from 4,668,264 to 6,039,864 shares.

As a result of the Distribution, the following Reporting Personsreceived the following shares:

In addition, Mr. Wycoff beneficially owns 5,487 shares received ascompensation for his service on the Company's Board of Directors.

A full-text copy of the regulatory filing is available at:

https://is.gd/nBVWSa

About Porter Bancorp

Porter Bancorp, Inc. (NASDAQ: PBIB) -- http://www.pbibank.com/-- is a Louisville, Kentucky-based bank holding company which operatesbanking centers in 12 counties through its wholly-owned subsidiaryPBI Bank. The Company's markets include metropolitan Louisville inJefferson County and the surrounding counties of Henry and Bullitt,and extend south along the Interstate 65 corridor. The Companyserves southern and south central Kentucky from banking centers inButler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviesscounties. The Company also has a banking center in Lexington,Kentucky, the second largest city in the state. PBI Bank is atraditional community bank with a wide range of personal andbusiness banking products and services.

Net income attributable to common shareholders for the year endedDec. 31, 2017, was $37.5 million, or $6.15 per basic and dilutedcommon share, compared to net loss attributable to commonshareholders of $2.7 million, or ($0.46) per basic and dilutedcommon share, for the year ended Dec. 31, 2016.

As of Dec. 31, 2017, Porter Bancorp had $970.80 million in totalassets, $898.12 million in total liabilities and $72.67 million intotal stockholders' equity.

* * *

This concludes the Troubled Company Reporter's coverage of PorterBancorp, Inc. until facts and circumstances, if any, emerge thatdemonstrate financial or operational strain or difficulty at alevel sufficient to warrant renewed coverage.

PORTER BANCORP: Reports 2017 Net Income of $37.5 Million--------------------------------------------------------Porter Bancorp, Inc., parent company of PBI Bank, reportedunaudited results for the fourth quarter of 2017. The Companyreported net income attributable to common shareholders for thefourth quarter of 2017 of $32.5 million, or $5.31 per basic anddiluted common share, compared to a net loss attributable to commonshareholders of $6.4 million, or ($1.07) per basic and dilutedshare, for the fourth quarter of 2016.

Net income attributable to common shareholders for the year endedDec. 31, 2017, was $37.5 million, or $6.15 per basic and dilutedcommon share, compared to net loss attributable to commonshareholders of $2.7 million, or ($0.46) per basic and dilutedcommon share, for the year ended Dec. 31, 2016. Net income beforetaxes was $6.6 million for the year ended Dec. 31, 2017, comparedto a net loss before taxes of $2.7 million for the year endedDecember 31, 2016.

Net income for 2017 was impacted by the reversal of the Company'sdeferred tax asset valuation allowance and the change in federalcorporate tax rates in connection with the enactment of the TaxCuts and Jobs Act of 2017. The net result of these two items wasan income tax benefit of $31.9 million for 2017.

The Company has had a full valuation allowance against its netdeferred tax asset since 2011. The Company's ability to utilizethe net deferred tax asset depends upon generating sufficientfuture levels of taxable income. The determination to restore adeferred tax asset and eliminate a valuation allowance depends uponthe evaluation of both positive and negative evidence regarding thelikelihood of achieving sufficient future taxable income levels. During the fourth quarter of 2017, management concluded it wasmore-likely-than-not the asset would be utilized to reduce futuretaxes payable related to the future taxable income of the Company,and as such, reversed the valuation allowance. The positiveevidence that outweighed the negative evidence evaluated bymanagement in arriving at the conclusion to remove the valuationallowance included, but was not limited to, the following:

* the Company's net operating loss carryforwards do not begin to expire until 2032, and

* the Bank's Consent Order was terminated in the fourth quarter

of 2017

As a result of the conclusion to reverse the valuation allowance,the Company recorded an income tax benefit of $52.2 million for theyear ended Dec. 31, 2017. On Dec. 22, 2017, the Tax Cuts and JobsAct of 2017 was signed into law. Among other significant changesto the tax code, the new law lowered the federal corporate tax ratefrom 35% to 21% beginning in 2018. As a result, the Companyrevalued its net deferred tax asset at the new 21% rate. Due tothis revaluation, the Company recorded a $20.3 million charge toincome tax expense for the year ended Dec. 31, 2017. Thecombination of the reversal of the valuation allowance and thechange in federal corporate tax rates resulted in an income taxbenefit of $31.9 million for the year ended Dec. 31, 2017.

Net interest income before provision for loan losses was $8.0million for the fourth quarter of 2017, compared to $7.8 million inthe third quarter of 2017, and $7.3 million in the fourth quarterof 2016. Average loans increased to $695.6 million for the fourthquarter of 2017, compared with $669.6 million in the third quarterof 2017, and $619.6 million for the fourth quarter of 2016. Netinterest margin increased to 3.50% for the fourth quarter of 2017,compared to 3.44% for the third quarter of 2017, and 3.35% for thefourth quarter of 2016.

The yield on earning assets increased to 4.24% for the fourthquarter of 2017, compared to 4.16% for the third quarter of 2017,and 4.01% for the fourth quarter of 2016. The cost of interestbearing liabilities was 0.88% for the fourth quarter of 2017,compared to 0.85% for the third quarter of 2017, and 0.78% for thefourth quarter of 2016.

Because of continuing improvement in asset quality and management'sassessment of risk in the loan portfolio, a negative provision forloan losses of $800,000 was recorded for 2017, compared to anegative provision for loan losses of $2.5 million for 2016. Thenegative provision of $800,000 was recorded in the fourth quarterof 2017, compared to a negative provision of $550,000 in the fourthquarter of 2016.

The allowance for loan losses to total loans was 1.15% at Dec. 31,2017, compared to 1.32% at September 30, 2017, and 1.40% at Dec. 31, 2016. The reduced level of the allowance in 2017,compared to 2016 was primarily driven by declining charge-offlevels, growth in the portfolio, improving trends in creditquality, and the negative provision. Net loan recoveries were$35,000 for 2017, compared to net loan charge-offs of $624,000 for2016. The allowance for loan losses for loans evaluatedcollectively for impairment was 1.13% at December 31, 2017,compared with 1.27% at Sept. 30, 2017, and 1.37% at Dec. 31, 2016.

Non-performing assets, which include loans past due 90 days andstill accruing, loans on nonaccrual, and other real estate owned,decreased to $9.9 million, or 1.02% of total assets at Dec. 31,2017, compared with $12.1 million, or 1.26% of total assets atSept. 30, 2017, and $16.0 million, or 1.70% of total assets, atDec. 31, 2016.

Non-performing loans decreased to $5.5 million, or 0.77% of totalloans at Dec. 31, 2017, compared with $5.8 million, or 0.85% oftotal loans at Sept. 30, 2017, and $9.2 million, or 1.44% of totalloans, at Dec. 31, 2016. The decrease from the previous year wasprimarily driven by $5.0 million in principal payments received onnonaccrual loans, $270,000 of nonaccrual loans migrating to OREO,and $665,000 of charge-offs offset by $2.3 million in loans placedon nonaccrual during 2017. OREO at Dec. 31, 2017, decreased to$4.4 million, compared with $6.3 million at Sept. 30, 2017, and$6.8 million at Dec. 31, 2016. During the year, the Company sold$793,000 in OREO and acquired $270,000 in new OREO properties. Fairvalue write-downs arising from lower marketing prices or newappraisals totaled $2.0 million for 2017, compared to $1.2 millionin 2016.

Non-interest income increased $91,000 to $4.9 million for the yearended Dec. 31, 2017, compared with $4.8 million for the year endedDec. 31, 2016. The increase between years was primarilyattributable to a $295,000 increase in service charges on depositaccounts, a $123,000 increase in bank card interchange fees, and a$72,000 increase in net gain on sales of securities partiallyoffset by no income from OREO in 2017, compared to $456,000 of OREOincome in 2016.

Non-interest income increased $382,000 to $1.5 million for thefourth quarter of 2017, compared with $1.1 million for the fourthquarter of 2016. The increase was due primarily to a net gain onsale of securities of $293,000 compared to $29,000 in the fourthquarter of 2016.

Non-interest expense decreased $9.3 million to $30.2 million forthe year ended Dec. 31, 2017, compared with $39.6 million for theyear ended Dec. 31, 2016. The decrease in non-interest expense wasdue primarily to lower litigation and loan collection expense,which decreased $8.6 million. Litigation expense was negativelyimpacted in the fourth quarter of 2016 by a ruling from theKentucky Court of Appeals against the Bank that approximated $8.0million. Non-interest expense also benefited from decliningprofessional fees expense, salaries and employee benefits, and FDICinsurance expense.

Non-interest expense decreased $6.7 million to $8.9 million for thefourth quarter of 2017, compared with $15.6 million for the fourthquarter of 2016. The decrease was due primarily to thenonrecurring nature of the 2016 litigation expense of $8.0partially offset by a $1.8 million increase in OREO expensesprimarily resulting from fair value write-downs arising from lowermarketing prices or new appraisals.

The Company has a net deferred tax asset of $31.3 million at Dec. 31, 2017.

As of Dec. 31, 2017, Porter Bancorp had $970.80 million in totalassets, $898.12 million in total liabilities and $72.67 million intotal stockholders' equity.

A full-text copy of the press release is available for free at:

https://is.gd/6zBIMP

About Porter Bancorp

Porter Bancorp, Inc. (NASDAQ: PBIB) -- http://www.pbibank.com/-- is a Louisville, Kentucky-based bank holding company which operatesbanking centers in 12 counties through its wholly-owned subsidiaryPBI Bank. The Company's markets include metropolitan Louisville inJefferson County and the surrounding counties of Henry and Bullitt,and extend south along the Interstate 65 corridor. The Companyserves southern and south central Kentucky from banking centers inButler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviesscounties. The Company also has a banking center in Lexington,Kentucky, the second largest city in the state. PBI Bank is atraditional community bank with a wide range of personal andbusiness banking products and services.

* * *

This concludes the Troubled Company Reporter's coverage of PorterBancorp, Inc. until facts and circumstances, if any, emerge thatdemonstrate financial or operational strain or difficulty at alevel sufficient to warrant renewed coverage.

PRIME SECURITY: S&P Alters Outlook to Positive & Affirms 'B+' CCR-----------------------------------------------------------------The largest U.S. alarm monitoring service provider, Prime SecurityServices Borrower LLC, has completed its IPO and paid down part ofits financial debt, which has materially strengthened its creditmetrics.

The outlook revision reflects Prime's recent deleveraging, with thecompany receiving more than $1.4 billion in IPO proceeds. With theproceeds, Prime will redeem $594 million in principal on the 9.25%second-lien notes due 2023 and $750 million Koch preferredsecurities. S&P said, "Moreover, we acknowledge the company'spositive operating momentum, with Prime demonstrating stableearnings growth while balancing the cash outflows needed to competein a competitive environment with high attrition rates. We view theuse of IPO proceeds toward deleveraging and reducing interestexpenses as a credit positive. However, despite the improved creditmeasures, we are still somewhat concerned regarding the company'sfuture financial policy. With the new ownership structure, thefinancial sponsors still have a majority of the board seats. Whilewe think the IPO minimizes the likelihood of leveragingtransactions such as dividends or other returns to shareholders, wedo not think the risk is completely curtailed."

The positive outlook reflects the improvements in operating metricsat the combined ADT/Protection One company as well as ourexpectations for moderating integration costs. While capitalexpenditures remain high, Prime maintains a leading market positionin the U.S. alarm monitoring market. S&P expects the company willmaintain leverage in the 4x area while enabling FOCF to debt togrow above 5% on a sustained basis.

S&P said, "We could raise the rating if Prime grows its free cashflow, sustaining free cash flow to debt in the high-single-digitpercentage area on an annual run rate, with strong operatingmetrics and management of cash usage. An upgrade would bepredicated on our belief that the company will not releveragematerially for a large acquisition or shareholder payment therebymaintaining leverage below 5x on a sustained basis.

"We could revise the outlook to stable if FOCF to debt declinesbelow 5% and leverage rises above 5x because of increasedsubscriber attrition, debt-funded acquisitions or dividends, oroperational challenges."

QUADRANT 4: Plan Exclusivity Period Extended to Feb. 6------------------------------------------------------The Hon. Jack N. Schmetterer of the U.S. Bankruptcy Court for theNorthern District of Illinois, at the behest of Quadrant 4 SystemCorp. and its affiliates, has extended the exclusivity period topropose and solicit acceptances of a Chapter 11 plan to Feb. 6,2018, without prejudice to a possibility of further extension.

As reported by the Troubled Company Reporter on Jan. 25, 2018, theDebtors asked the Court for a 90-day extension of their exclusivityperiods to propose and solicit acceptances of a Chapter 11 plan. Specifically, Q4 asked that the plan proposal period be extended toApril 25, 2018, from Jan. 25, 2018, and that the solicitationperiod be extended to Jun. 24, 2018, from March 26, 2018.

Stratitude has not previously moved to extend the ExclusivityPeriods with respect to the Stratitude case. The Plan ProposalPeriod in the Stratitude case expires on Feb. 10, 2018 and theSolicitation Period expires on April 11, 2018.

The Plan Proposal Period in the Q4 Case expires on Jan. 25, 2018,and the Solicitation Period in the Q4 Case expires on March 26,2018.

The Debtors asserted that cause exists to extend the ExclusivityPeriods, primarily because the Debtors have not yet had anopportunity to focus on negotiating a successful Chapter 11 planand prepare adequate information in support thereof. Since theirrespective Petition Dates, the Debtors' attention has beensingularly focused on selling substantially all their assets --efforts that have paid off for their creditors by generating alarge pool of money for their estates and for the benefit of bothsecured and unsecured creditors.

The respective directors, officers and management of the Debtorsoverlap significantly. Stratitude's assets served as collateralfor Q4's secured lenders. As such, during the first six months ofthe Q4 case, Q4's management team and professionals have also spentsignificant time marketing Stratitude's assets and negotiating theterms of a sale of those assets, ultimately led to Court approvaland closing of the Stratitude Asset Sale in the beginning ofDecember 2017.

In addition to Asset Sales, Q4 and its professionals maintainongoing efforts to sell the QHIX Healthcare Platform Business Unitincluding marketing and negotiations for distinct subparts of thatBusiness Unit.

Further, Q4 and its professionals have committed significant timeand effort to resolving the disposition of Q4's licenses under theLicense Agreement with TriZetto and the parties' disputesthereunder. Q4 first began exploring a settlement and buy-downwith TriZetto in September 2017. Such discussions ultimately led tothe parties agreeing to the Modification Agreement submitted tothis Court for presentment on Jan. 23, 2018. Relatedly, significantefforts were also committed to the drafting of the ModificationAgreement Motion, including addressing the concerns for Q4'ssecured creditors and the Committee.

Despite the vast majority of the Debtors' attention being directedto the efforts, the Debtors have begun negotiations with theCommittee with the goal of drafting a joint plan of liquidation. As of the filing of this motion, a draft term sheet has beencirculated between the Debtors and the Committee and negotiationsare well underway, meaning there is a high likelihood of the filingand solicitation of a joint, confirmable plan, prior to theProposed Expiration Dates.

In connection with their successful and time-consuming effortsregarding the Asset Sales and the Modification Agreement, theDebtors have worked closely with their secured lenders and theCommittee throughout the Chapter 11 Cases to obtain consensus andcooperation among the key constituencies where possible. In thesame vein, the Debtors have strived to address concerns andcomments from the Office of the United States Trustee. Accordingly, a majority of the effort of the Debtors and theirprofessionals occur "behind the scenes" in this matter.

Finally, as detailed in the Declarations, the Chapter 11 Cases werefiled in less than ideal circumstances as a result of the CriminalAction, the SEC Action, and the action of the Criminal Defendants. These actions have required additional time and effort on theDebtors' part to complete their Schedules and Statement ofFinancial Affairs, and have generally complicated thefact-gathering process for many of the motions filed and presentedto date.

About Quadrant 4 System

Quadrant 4 System Corporation (OTC:QFOR) -- http://www.qfor.com/-- sells IT products and services. Its revenues are primarilygenerated from the placement of staffing or solution consultants,and the sale and licensing of its proprietary cloud-based Softwareas a Service (SaaS) systems, as well as a wide range of technologyoriented services and solutions. The company's principal executiveoffices are located in Schaumburg Illinois. It also operates itsbusiness from various offices located in Naples, Florida;Alpharetta, Georgia; Bingham Farms, Michigan; Cranbury, New Jersey;Pleasanton, California; and Ann Arbor, Michigan.

Quadrant 4 is the 100% owner of the issued and outstanding commonstock of Stratitude, Inc., a California corporation, which itacquired on or about Nov. 3, 2016. Concurrently with the StratitudeAcquisition, Stratitude acquired certain of the assets of AgamaSolutions, Inc., a California corporation. Both Stratitude andAgama are located in Pleasanton and Fremont, California and areengaged in the IT business.

Quadrant 4 disclosed total assets of $47.05 million and totalliabilities of $31.39 million as of Sept. 30, 2016.

Quadrant 4, which was subject to a securities fraud probe that ledto the arrest and resignation of its top two executives sevenmonths ago, sought Chapter 11 protection after reaching asettlement with the U.S. Securities and Exchange Commission andsigning deals to sell four business segments for at least $6.9million.

On July 10, 2017, an official committee of unsecured creditors wasappointed in the Debtor's case. The Committee retained SugarFelsenthal Grais & Hammer LLP as its legal counsel, and AmherstPartners, LLC, as its financial advisor.

Type of Business: Ragged Mountain Equipment --http://raggedmountain.com/-- operates a sporting goods store in Intervale, New Hampshire. The company offers equipment for camping, climbing, skiing, and pets such as handwear, gaiters, headgear, luggage and buckles.

RED CHIP VENTURES: Taps Hilco as Real Estate Advisor----------------------------------------------------Red Chip Ventures Inc. seeks approval from the U.S. BankruptcyCourt for the Southern District of New York to hire Hilco RealEstate LLC as its real estate advisor.

The firm will assist the company and its affiliate Blue ChipVentures LLC in marketing and selling three contiguous empty lotsin Manhattan.

The proceeds of the purchase price remaining after payment ofHilco's fee will be allocated between the estates of Red ChipVentures and Blue Chip Ventures, which filed a separate Chapter 11case.

Under the services agreement, Hilco will advance a marketinginvestment budget of up to $21,521 to market the properties andwill be paid a buyer's premium of 5% of the purchase price for theproperties but will receive a commission of only 1% of any creditbid. Moreover, the firm will be reimbursed its marketing expensesactually expended only if there is no sale of the properties, theproperties are sold through a successful credit bid, or the auctionis cancelled.

Jeff Azuse, senior vice-president of Hilco, disclosed in a courtfiling that his firm is a "disinterested person" as defined insection 101(14) of the Bankruptcy Code.

Red Chip Ventures Inc. listed its business as Single Asset RealEstate (as defined in 11 U.S.C. Section 101(51B). Its principalassets are located at 207 Cabrini Boulevard, New York 10033. Thecompany is an affiliate of Blue Chip Ventures, which filed forChapter 11 protection (Bankr. S.D.N.Y. Case No. 17-12686) on Sept.25, 2017.

Red Chip Ventures Inc., based in Brooklyn, NY, filed a Chapter 11petition (Bankr. S.D.N.Y. Case No. 17-13161) on Nov. 7, 2017. Inthe petition signed by President Melvin Caro, the Debtor estimated$1 million to $10 million in assets and $50,000 to $100,000 inliabilities. The Hon. Sean H. Lane presides over the case. IsaacNutovic, Esq., at Nutovic & Associates, serves as bankruptcycounsel to the Debtor.

RMG ENTERPRISES: Taps Accounting Solutions as Accountant--------------------------------------------------------RMG Enterprises, LTD. seeks approval from the U.S. Bankruptcy Courtfor the Eastern District of Virginia to hire Accounting Solutions,LLC as its accountant.

The firm will assist the Debtor in preparing accounting reports andtax returns; analyze and report on the tax impact of its plan ofreorganization; and provide other accounting services which may berequired in its Chapter 11 case.

Anne Allen, principal of Accounting Solutions, disclosed in a courtfiling that the members of her firm do not hold or represent anyinterest adverse to the Debtor and its estate.

RMG ENTERPRISES: Taps Robert Easterling as Bankruptcy Counsel-------------------------------------------------------------RMG Enterprises, LTD., seeks approval from the U.S. BankruptcyCourt for the Eastern District of Virginia to hire RobertEasterling, Esq., as its legal counsel.

Mr. Easterling will advise the Debtor regarding its duties underthe Bankruptcy Code; assist in its consultations with creditors;represent the Debtor in adversary proceedings and civil actions;prepare a bankruptcy plan; and provide other legal services relatedto its Chapter 11 case.

Mr. Easterling will charge $350 per hour for attorney time and $150per hour for paralegal time. The Debtor paid him $20,000, of which$1,717 was used to pay the filing fee.

In a court filing, Mr. Easterling disclosed that he does notrepresent any creditor or person adverse or potentially adverse tothe Debtor and its bankruptcy estate.

S&P said, "At the same time, we assigned a 'B' issue-level ratingand a '3' recovery rating to the proposed first-lien facility,consisting of a $75 million revolver (undrawn at close), a $470million first-lien term loan, and a $125 million delayed-drawfirst-lien term loan (undrawn at close). The '3' recovery ratingreflects our expectation for meaningful recovery (50%-70%; roundedestimate: 55%) in the event of a payment default.

"In addition, we assigned a 'CCC+' issue-level rating and a '6'recovery rating to the proposed second-lien facility, consisting ofa $215 million second-lien term loan and $50 million delayed-drawsecond-lien term loan (undrawn at close). The '6' recovery ratingreflects our expectation for negligible recovery (0%-10%; roundedestimate: 0%) in the event of a payment default.

"Our 'B' corporate credit rating on Romulus reflects the company'stop-three market position in the attractive, but niche and highlyfragmented veterinary services industry. Romulus also lackssignificant scale compared to the top two players in the market andthe acquisition by KKR increases leverage significantly to 9.3x.While we expect leverage to decline as EBITDA grows, we believe thecompany will sustain leverage of above 6x given theacquisition-driven nature of its business strategy.

ROMULUS MERGER: Moody's Assigns B3 CFR; Outlook Stable------------------------------------------------------Moody's Investors Service assigned a B3 Corporate Family Rating andB3-PD Probability of Default Rating to Romulus Merger Sub (dbaPetVet Care Centers LLC, "PetVet"). Moody's also assigned B2ratings to the company's proposed first-lien credit facilities,consisting of a $75 million revolver expiring 2023, a $470 millionterm loan due 2025, and a $125 million delayed draw term loan due2025. In addition, Moody's assigned Caa2 ratings to the company'sproposed second-lien debt issuance, including a $215 million termloan due 2026 and a $50 million delayed draw term loan due 2026.Proceeds from the new term loans, along with common equity fromprivate equity firm KKR, will be used to finance the acquisition ofPetVet by KKR in a leveraged buyout transaction. The ratingsoutlook is stable.

At the close of the transaction, Romulus Merger Sub will be mergedwith and into Pearl Intermediate Parent LLC, with PearlIntermediate Parent LLC being the surviving entity.

Romulus Merger Sub's (dba PetVet Care Centers, "PetVet" andsubsequently Pearl Intermediate Parent LLC) B3 Corporate FamilyRating (CFR) broadly reflects its high financial risk profile(Moody's-adjusted debt-to-EBITDA of 8.4 times on a pro formabasis), which is expected to persist as the company continues touse debt to fund acquisitions. The rating is also constrained bythe company's small scale relative to larger players in theveterinary industry, and event and financial policy risks relatedto both the aforementioned aggressive acquisition strategy and itsprivate equity ownership. However, the rating benefits fromfavorable long term trends in the pet care sector that underpinhealthy same-store sales growth in the mid-single-digits. Therating is also supported by strong recurring revenue, goodgeographic diversification and a proven ability to successfullyintegrate acquisitions.

The stable outlook reflects Moody's expectation that the company'srelatively stable business profile will result in sustainedpositive free cash flow.

The ratings could be downgraded if operational performancedeteriorates or liquidity weakens. Inability to manage its rapidgrowth, or if EBITA-to-interest falls below one times, could alsoput downgrade pressure on the company's ratings.

The ratings could be upgraded if the company delivers sustainedrevenue and earnings growth and is successful in integratingacquisitions. Moderation of financial policies, partially evidencedby leverage trending below 6.5 times while good cash flows aregenerated and solid liquidity is maintained could also support aprospective upgrade.

The principal methodology used in these ratings was Business andConsumer Service Industry published in October 2016.

RXI PHARMACEUTICALS: Regains Compliance With Nasdaq Listing Rule----------------------------------------------------------------RXi Pharmaceuticals Corporation received written notice on Jan. 23,2018, from the Nasdaq Stock Market, LLC notifying the Company thatit had regained compliance with the minimum bid price requirementset forth in Nasdaq Listing Rule 5550(a)(2) for continued listingon The Nasdaq Capital Market. The Notification Letter was sentfollowing the implementation of a one-for-ten reverse split of theCompany's common stock, which became effective on Jan. 8, 2018.

About RXi

Headquartered in Marlborough, Massachusetts, RXi PharmaceuticalsCorporation (NASDAQ: RXII) -- http://www.rxipharma.com-- is a clinical-stage company developing innovative therapeutics thataddress significant unmet medical needs. Building on thepioneering discovery of RNAi, scientists at RXi have harnessed thenaturally occurring RNAi process which can be used to "silence" ordown-regulate the expression of a specific gene that may beoverexpressed in a disease condition. RXi developed a robust RNAitherapeutic platform including self-delivering RNA (sd-rxRNA)compounds, that have the ability to selectively block theexpression of any target in the genome, thus providingapplicability to many therapeutic areas. The Company's currentprograms include dermatology, ophthalmology and cell-based cancerimmunotherapy. RXi's extensive patent portfolio provides formultiple product and business development opportunities across abroad spectrum of therapeutic areas and the Company activelypursues research collaborations, partnering and out-licensingopportunities with academia and pharmaceutical companies.

RXi reported a net loss applicable to common stockholders of $11.06million for the year ended Dec. 31, 2016, a net loss applicable tocommon stockholders of $10.43 million for the year ended Dec. 31,2015, and a net loss applicable to common stockholders of $12.93million for the year ended Dec. 31, 2014. As of Sept. 30, 2017,RXi had $6.03 million in total assets, $2.60 million in totalliabilities, all current, and $3.43 million in total stockholders'equity.

"The Company has limited cash resources, certain limitations underthe purchase agreement with Lincoln Park Capital Fund, LLC ("LPC")and has expended substantial funds on the research and developmentof our product candidates and funding general operations. As aresult, we have reported recurring losses from operations sinceinception and expect that we will continue to have negative cashflows from our operations for the foreseeable future. Historically,the Company's primary source of financing has been the sale of itssecurities. Our ability to continue to fund our operations isdependent on the amount of cash on hand and our ability to raiseadditional capital through, but not limited to, equity or debtofferings or strategic opportunities. This is dependent on anumber of factors, including the market demand or liquidity of ourcommon stock. There can be no assurance that the Company will besuccessful in accomplishing these plans. As a result, we haveconcluded that there is substantial doubt regarding our ability tocontinue as a going concern for at least one year. If we fail toobtain additional funding when needed, we would be forced to scaleback or terminate our operations or to seek to merge with or to beacquired by another company. These financial statements do notinclude any adjustments to, or classification of, recorded assetamounts and classification of liabilities that might be necessaryshould the Company be unable to continue as a going concern," theCompany said in its quarterly report for the period ended Sept. 30,2017.

S & E Holdings, Inc., is a small business debtor engaged in woodproduct manufacturing. S & E Holdings sought protection underChapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No.17-04250) on Oct. 12, 2017. In its petition signed by Ernest L.Knepp, Jr., president, the Debtor estimated assets of $1 million to$10 million and liabilities of less than $1 million. Judge HenryW. Van Eck presides over the case. The Law Office of Lawrence G.Frank is the Debtor's bankruptcy counsel.

SAILING EMPORIUM: Sale of Parcels Delays Plan Filing----------------------------------------------------The Sailing Emporium, Inc., asks the U.S. Bankruptcy Court for theDistrict of Maryland, to extend the exclusive periods during whichonly the Debtor can file a plan of reorganization and solicitacceptance of the plan through and including May 1, 2018, and July1, 2018, respectively.

As reported by the Troubled Company Reporter on Oct. 24, 2017, theCourt previously extended the Debtor's exclusive period to file aplan to Jan. 27, 2018, and to obtain acceptances of the plan toMarch 29, 2018.

The Debtor says that cause exists in this case to extend theExclusive Filing and Acceptance Periods because the Debtor andWilliam Arthur Willis and Mary Sue Willis, the debtors and debtorsin possession in jointly-administered Case No. 16-26458-TJC,recently closed a complicated transaction in which The Peoples Bankwas paid its principal and other charges exceeding $2.4 million. The transaction, which involved the sale of parcels owned by thethree estates, proved to be more time-consuming than anticipated.

The Debtor requests that it be given an opportunity to resolve theremaining issues now that the sale has been accomplished. Thisadditional time will allow the Debtor to properly analyze whether aplan is the proper course of action under the circumstances of thiscase.

The Debtor warns that termination of the Exclusive Filing andAcceptance Periods at this time might give rise to multiple plansand a contentious confirmation process. The litigation andresulting administrative expense would serve only to decreaserecoveries to the Debtor's creditors and delay the Debtor's abilityto confirm a plan in this bankruptcy case. Given the consequencesif the relief requested herein is not granted, the requestedextensions will not prejudice the legitimate interests of any partyin interest in this bankruptcy case. Rather, the extension willfurther the Debtor's efforts to preserve value and avoidunnecessary and wasteful litigation.

The Debtor assures the Court that it is not seeking an extension ofthe Exclusive Filing and Acceptance Periods to unduly pressure theDebtor's creditors. Instead, the extensions requested willfacilitate the Debtor's efforts by providing the Debtor with a fulland fair opportunity to resolve post-closing issues and formulateand finalize a plan, if appropriate.

The Sailing Emporium, Inc., owns and operates a full service marinalocated on the picturesque Eastern Shore of Maryland on eight acreson Rock Hall Harbor in Rock Hall, Maryland. Services include boatsales, boat repair and restoration, electronics sales and serviceand sailboat charters. The Property also includes a marine storeand nautical gift shop. The Property has 155 deep water slips and20 transient slips, and the landscaped grounds and other amenitieshave made this marina a point of interest in Rock Hall.

The Sailing Emporium, Inc., filed a Chapter 11 petition (Bankr. D.Md. Case No. 16-24498) on Nov. 1, 2016. The petition was signed byWilliam Arthur Willis, president. The Debtor estimated assets andliabilities at $1 million to $10 million at the time of thefiling.

SCIENTIFIC GAMES: Expects 9% Revenue Increase in Q4 2017--------------------------------------------------------Scientific Games Corporation announced selected preliminaryfinancial results for the fourth quarter and full year ended Dec.31, 2017, in connection with the opportunity to refinance a portionof its debt to take advantage of favorable market conditions tolower its cost of debt and extend maturities.

Results of Operations

The Company currently expects consolidated revenue to increaseapproximately nine percent to a range of approximately $820-to-$825million for the three month period ended Dec. 31, 2017, and fullyear 2017 revenue to grow approximately seven percent and be in arange of approximately $3,081-to-$3,086 million compared to $752million and $2,883 million for the fourth quarter and full year2016, respectively.

The Company further expects that its net loss for the fourthquarter 2017 will be in a range of approximately $40-to-$50million, inclusive of a projected $28 million of restructuring andother charges, which primarily includes M&A costs associated withthe NYX Gaming Group transaction that was completed on Jan. 5,2018. Full year 2017 net loss is expected to be in a range ofapproximately $238-to-$248 million. Fourth quarter 2016 net losswas $111 million and full year 2016 net loss was $354 million.

Fourth quarter 2017 Attributable EBITDA, a non-GAAP financialmeasure, is expected to be approximately $320-to-$325 million withfull year 2017 AEBITDA of approximately $1,220-to-$1,225 million.Fourth quarter 2016 AEBITDA was $294 million and full year 2016AEBITDA was $1,104 million.

"Our preliminary results for the fourth quarter 2017 reflect ourfocus on generating top-line growth and ongoing improvements acrossour gaming, lottery and interactive operations," said KevinSheehan, CEO and president of Scientific Games. "I am proud of thededication and success achieved by the collaborative efforts of ourScientific Games colleagues around the globe who continue toempower our customers and deliver success for all ourstakeholders."

The preliminary unaudited results are derived from preliminaryinternal financial reports and are subject to revision based on theCompany's procedures and controls associated with the completion ofits year-end financial reporting, including all the customaryreviews and approvals, and completion by the Company's independentregistered public accounting firm of its audit of such financialstatements for the year ended Dec. 31, 2017. Accordingly, actualresults may differ from these preliminary results and suchdifferences may be material. The Company currently anticipatesreleasing its fourth quarter results and full year 2017 results onFeb. 28, 2018 after market close.

The Company is sharing these preliminary financial results with itsprospective lenders in connection with a potential refinancingtransaction, in which it would take advantage of favorable marketconditions to refinance approximately $1,400 million of itsoutstanding 7.000% senior secured notes due 2022 and approximately$185 million of borrowings under its revolving credit facility witha combination of new senior secured term loans and new seniorsecured notes, as well as approximately $300 million of new seniorunsecured notes. The Company has not committed to engage in anyrefinancing transaction, the terms of the potential refinancingtransaction described above is subject to change, and the pursuitof any refinancing transaction is subject to market conditions.

Scientific Games reported a net loss of $353.7 million in 2016, anet loss of $1.39 billion in 2015 and a net loss of $234.3 millionin 2014. Scientific Games had $7.06 billion in total assets, $9.03billion in total liabilities and a $1.97 billion totalstockholders' deficit.

SEARS HOLDINGS: Moody's Cuts CFR to Ca on Debt Exchange-------------------------------------------------------Moody's Investors Service downgraded Sears Holdings Corp.'sCorporate Family Rating to Ca from Caa3. Actions on other rateddebt instruments are detailed below. The rating outlook remainsnegative. The downgrade reflects the company's announcement of itspursuit of debt exchanges which would reduce cash interest andextend the maturity of its second lien notes due in October 2018.Approximately $1.3 billion of $4.2 billion of debt is beingaffected by the exchanges. "Sears' proposed debt exchanges are anecessary step given its upcoming maturities as its unencumberedasset base continues to decline and its business turnaround remainselusive", said Vice President, Christina Boni. "Debt maturities inthe upcoming year amount to over $1.2 billion as cash used inoperations is expected to approach $1.8 billion this year."

Sears' Ca rating reflects the company's announced pursuit of debtexchanges to extend maturities and its sizable operating losses -Domestic Adjusted EBITDA (as defined by Sears) was an estimatedloss of approximately $625 million for the LTM period endingOctober 28, 2017. While the company continues to take substantialsteps to reduce its cost base, its strategies have not enabled thecompany to reduce its operating losses to approach break-evenlevels. Continued operating losses must be financed as upcomingmaturities in 2018 must be addressed. The Ca rating also reflectsmaterial reduction in its alternative sources of capital through$839 million in property and asset sales to date through the thirdquarter of 2017, over $600 million in additional secured loans infiscal 2017, and the sale of its Craftsman brand (for a value ofapproximately $900 million). These significant transactions and itsrecent agreement with the PBGC to monetize additional stores areintegral to funding its operating losses. Its debts are significantwith approximately $4.2 billion of funded debt as well as unfundedpension and postretirement obligations of approximately $1.7billion. The ratings also reflect Moody's view on the uncertaintyof the viability of the Kmart franchise in particular given itsmeaningful market share erosion with an estimated reduction ofstores in excess of 30% this year.

The negative rating outlook reflects Moody's view that businesswill continue to suffer considerable operating losses that willneed to be funded. Although the company has alternative assets toenhance its liquidity its proposed debt exchanges are being pursuedand near term maturities remain significant.

Ratings are unlikely to be upgraded given the negative outlook.Ratings could be upgraded if its 2018 maturities are refinanced andoperating losses return to breakeven levels while improving to anadequate liquidity profile.

Ratings could be downgraded if the company's liquidity were toweaken further, or if its upcoming 2018 maturities are notrefinanced or a distressed exchange is completed.

Headquartered in Hoffman Estates, IL, Sears Holdings Corporation("Sears Holdings") through its subsidiaries, including Sears,Roebuck and Co. and Kmart Corporation, operates 1,104 stores in theUS along with websites including sears.com and kmart.com as ofOctober 28, 2017. LTM domestic revenues are approximately $18.4billion. Approximately 49% of Sears Holdings' common stock is heldby entities affiliated with Sears Chairman and CEO Mr. Edward S.Lampert.

The principal methodology used in these ratings was Retail Industrypublished in October 2015.

SHREE SWAMINARAYAN: Mediation Delays Plan Filing------------------------------------------------Shree Swaminarayan Satsang Mandal, Inc., asks the U.S. BankruptcyCourt for the Eastern District of Texas to extend the exclusivityperiod for the Debtor to file of a plan of reorganization by 90days to April 22, 2018.

The 120-day exclusivity period for the Debtor to file a plan runson Jan. 24, 2018.

A hearing on the Debtor's request is set for Feb. 26, 2018, at10:00 in the forenoon.

The Debtor and its largest creditor are planning to attendmediation, at the suggestion of the Court. However, the earliestthe mediation is likely to occur is late February. The Debtor ishopeful the parties can reach a comprehensive agreement that willeither allow the case to be dismissed, or allow the speedyconfirmation of a plan by the Debtor.

SUNEDISON INC: Strategic Value Reports 40.6% Stake in Newco-----------------------------------------------------------Strategic Value Partners, LLC, disclosed in a regulatory filingwith the Securities and Exchange Commission that as of Dec. 29,2019, SVP and its affiliated entities may be deemed to beneficiallyown 11,713,224 or 40.6% of the common stock of SunEdison, Inc.,consisting of:

(iv) 2,157,775 shares beneficially owned by SVP Special Situations III-A LLC, as the investment manager of Strategic Value Opportunities Fund, L.P. which may also be deemed to be beneficially owned by Strategic Value Partners, LLC, as the managing member of each such investment manager entity.

The shares were received on Dec. 29, pursuant to SunEdison'sbankruptcy-exit plan.

As of Dec. 29, there were about 28,833,208 shares of SunEdisonCommon Stock outstanding.

The United States Bankruptcy Court for the Southern District of NewYork on July 28, 2017, entered an order confirming the SecondAmended Joint Plan of Reorganization of SunEdison, Inc. and ItsDebtor Affiliates, dated July 20, 2017, and on Dec. 29, the Planbecame effective pursuant to its terms and the Debtors emerged frombankruptcy. All previously issued and outstanding equity interestsin the Company -- which include its prior common stock, $0.01 parvalue per share -- were automatically cancelled and extinguished asof the Effective Date.

SunEdison on June 8, 2017, entered into an Amended and RestatedEquity Commitment Agreement, by and between the Company and theBackstop Purchasers party thereto.

In connection with the Equity Commitment Agreement, the Companyentered into a backstop commitment agreement, with the BackstopPurchasers, pursuant to which the Backstop Purchasers agreed toprovide up to a $300.0 million commitment to backstop the RightsOffering.

In accordance with the Plan, the Equity Commitment Agreement, andcertain rights offering procedures, the Company offered eligiblecreditors, including the Backstop Purchasers, shares of CommonStock of the reorganized Company (among other consideration).

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller ofphotovoltaic energy solutions, an owner and operator of clean powergeneration assets, and a global leader in the development,manufacture and sale of silicon wafers to the semiconductorindustry.

SunEdison also tapped Eversheds LLP as its special counsel forGreat Britain and the Middle East. Cohen & Gresser LLP has alsobeen retained as special counsel.

The Debtors tapped Ernst & Young LLP to provide tax-relatedservices. Keen-Summit Capital Partners LLC has been hired as realestate advisor. Binswanger of Texas, Inc. also has been retainedas real estate agent.

The collateral trustee under the Debtors' prepetition second liencredit agreement and the indenture trustee under each of theDebtors' outstanding bond issuances, is represented by Marie C.Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'convertible senior notes is White & Case LLP's Tom Lauria, Esq.

TEXAS E&P: Committee Seeks Appointment of Chapter 11 Trustee------------------------------------------------------------The Official Committee of Unsecured Creditors of Texas E&POperating, Inc., asks the U.S. Bankruptcy Court for the NorthernDistrict of Texas to direct the appointment of a Chapter 11 Trusteein the bankruptcy case Texas E&P Operating, Inc.

The Committee believes that the appointment of a Chapter 11 trusteeis in the best interest of the estate. The Committee and theDebtor, along with their counsel, have discussed at length thecontinued management of the Debtor's business as adebtor-in-possession during the bankruptcy process.

The Committee contends that there are a number of non-Debtorentities which are affiliated and/or related to the Debtor thathave both historical and ongoing business dealings with the Debtor.The relationships are such that current management and ownership ofthe Debtor are conflicted to such an extent that continuing tooperate as a debtor-in-possession would create an appearance ofimpropriety.

For example, the Debtor's schedules indicate approximately $2.9million in outstanding JIB payments owed from its variousco-interest owners. The Committee believes that, the Debtor'saffiliate company Texas E&P Funding, Inc., of which Mr. Mark A.Plummer (currently Chief Executive Officer, Chairman of the Boardand Sole Director of the Debtor) is also the sole owner andofficer, is or may be jointly liable for a significant portion ofthis outstanding receivable. Mr. Plummer is also the President ofTexas E&P Well Service, LLC, a significant vendor providingservices to the Debtor pre-petition and which has a sizeablescheduled unsecured claim against the Debtor.

The Committee expects that this would cause the estate to spend aninordinate amount of time and resources vetting what should beordinary course transactions and functions and satisfying theCommittee and other creditors and parties in interest that anyintercompany related transactions are fair and in the best interestof the estate.

These and other conflicts of interest, coupled with the fact thatnone of the other related parties are debtors in bankruptcy andtherefore are not subject to the transparency of the bankruptcyprocess, lead the Committee to seek appointment of a chapter 11trustee to ensure that parties-in-interest can have full faith andconfidence in the integrity of these bankruptcy proceedings.

The Committee has expressed these concerns to the Debtor and vettedalternatives to address these issues short of appointment of aChapter 11 Trustee. After due deliberation however, the constraintsthat would alleviate such concerns are too debilitating to theproper conduct of the Debtor's business to be worthwhile.

After testifying at the first day hearings and the 341 Meeting, Mr.Plummer realizes that these conflicts will present an ongoingobstacle to the efficient and effective reorganization of thisDebtor. Under these circumstances, the Committee asserts that thebest interests of the creditors and the estate will be served bythe appointment of a Chapter 11 Trustee. The Debtor, through Mr.Plummer and after consultation with counsel for the Debtor inPossession, does not and will not oppose the appointment of aChapter 11 Trustee in this case.

Based in Richardson, Texas, the Texas E&P group of companies--http://texasepgroup.com-- offer direct investment opportunities in its oil and natural gas projects in the Southwestern UnitedStates. From the initial investment to the production of each well,the Group oversees each phase of development. Texas E&P Operatingis an independent oil and natural gas operator, with specialties indeveloping new and existing oil fields since 1994. Texas E&PFunding manages a diverse offering of oil and natural gasinvestments. Texas E&P Well Service is in the well workover andcompletion industry, with dedication to safety and innovation.

William T. Neary, U.S. Trustee for the Northern District of Texas,appointed three members to the official committee of unsecuredcreditors to the Chapter 11 case of Texas E&P Operating, Inc. TheCommittee members are: (1) Baker Hughes, a GE Company; (2) KodiakGas Services, LLC; and (3) Key Energy Services, LLC.

TEXAS E&P: Committee Taps Okin Adams as Legal Counsel-----------------------------------------------------The official committee of unsecured creditors of Texas E&POperating, Inc., seeks approval from the U.S. Bankruptcy Court forthe Northern District of Texas to hire Okin Adams LLP as its legalcounsel.

The firm will advise the committee regarding its duties under theBankruptcy Code; assist the committee in investigating the Debtor'sbusiness operation; analyze claims of creditors; advise thecommittee regarding any potential sale of the Debtor's assets;assist the committee in analyzing the terms of any proposedbankruptcy plan; and provide other legal services related to theDebtor's Chapter 11 case.

The primary attorneys who will represent the committee and theirhourly rates are:

Based in Richardson, Texas, the Texas E&P group of companies --http://texasepgroup.com/-- offer direct investment opportunities in its oil and natural gas projects in the Southwestern UnitedStates. From the initial investment to the production of eachwell, the Group oversees each phase of development. Texas E&POperating is an independent oil and natural gas operator, withspecialties in developing new and existing oil fields since 1994. Texas E&P Funding manages a diverse offering of oil and natural gasinvestments. Texas E&P Well Service is in the well workover andcompletion industry, with dedication to safety and innovation.

The Office of the U.S. Trustee appointed an official committee ofunsecured creditors' in the Debtor's case.

THINK FINANCE: Seeks Entry of Supplemental Cash Collateral Order----------------------------------------------------------------Think Finance, LLC, and certain of its affiliates seek approvalfrom the U.S. Bankruptcy Court for the Northern District of Texasof an order supplementing the previous order authorizing theDebtors to use cash collateral.

On Oct. 31, 2017, the Court entered in the VPC Adversary Proceedingthe Agreed Order, which established an escrow account atMetropolitan Commercial Bank. The Agreed Order required the GPLSSecured Parties to deposit the Transferred Funds into the EscrowAccount and required the GPLS Secured Parties to deposit alladditional funds GPLS receives into the Escrow Account subject tothe GPLS Holdback.

On December 7, 2017, the Court entered the Order GrantingPreliminary Injunction, directing for the turnover to the Debtorsof $5 million of funds held in the Escrow Account, and ordered theGPLS Secured Parties to cause GPLS to continue to transfer allfunds to the Escrow Account subject to the GPLS Holdback.

On December 7, 2017, the Court entered the Order authorizing theDebtors to use cash collateral consistent with a Thirteen WeekForecast. Paragraph 7 of the Cash Collateral Order sets forth aprocess for the GPLS Secured Parties to provide notice to theDebtors, the U.S. Trustee, and the Committee for expenses incurredby the GPLS Secured Parties that the GPLS Secured Parties wouldlike paid from the GPLS Funds. It also provides a process for theNotice Parties to object to such expenses and for the resolution ofsuch objections.

To date, all of the expenses submitted to the Notice Parties by theGPLS Secured Parties have been objected to by the Debtors and theCommittee. The U.S. Trustee has not objected to any of suchexpenses.

Consequently, the Debtors and the GPLS Secured Parties have engagedin extensive good-faith arms' length negotiations that haveresulted in an agreement to stay the VPC Adversary Proceeding (the"Standstill"). Among other things, by agreeing to the Standstillthe Debtors and the GPLS Secured Parties have agreed to ceaseincurring additional fees and expenses concerning their disputeswith each other in the VPC Adversary Proceeding.

The Debtors believe that the Standstill may save the Debtors'estates millions of dollars because the Debtors anticipateincurring many hundreds of thousands of dollars of professionalfees and expenses, if not more, in connection with the VPCAdversary Proceeding between now and the trial, which is scheduledto begin on February 26, 2018.

The Debtors also believe that the Standstill may allow the Debtorsto avoid ever paying the fees and expenses that otherwise would beincurred by the Debtors and the GPLS Secured Parties in the VPCAdversary Proceeding because the Standstill will provide theDebtors and the GPLS Secured Parties with an opportunity tonegotiate a consensual resolution of their disputes.

Perhaps more importantly, however, the Standstill will allow theDebtors to focus their limited time and resources on resolving,whether through litigation or negotiation, the numerous consumerborrower proofs of claim filed against the Debtors. Depending onthe resolution of the consumer borrower claims, such a resolutionmay eliminate the need to proceed with the VPC Adversary Proceedingaltogether, or at least facilitate a negotiated settlement of theVPC Adversary Proceeding. As a result, the Debtors believe that theStandstill will provide the Debtors the opportunity to resolvethese bankruptcy cases as efficiently as possible.

As set forth in the Third Agreed Scheduling Order, the Standstillwould last through at least April 23, 2018, which is the bar datefor governmental units to file proofs of claim against the Debtors,and it is possible that the Standstill would last well past April23.

In connection with negotiating the Standstill, the GPLS SecuredParties have indicated that they will not agree to the Standstilland the entry of the Third Agreed Scheduling Order unless theSupplemental Order is entered. The GPLS Secured Parties haveindicated that upon the Court's approval of the Supplemental Order,the Debtors may submit the Third Agreed Scheduling Order to theCourt for entry in the VPC Adversary Proceeding to implement theStandstill. Thus, the entry of the Supplemental Order is necessaryfor the Standstill to occur.

Although as of the filing of this Motion, the Debtors'understanding is that the Committee opposes the entry of theSupplemental Order due solely to the payment of certain fees fromthe GPLS Funds, the Debtors nevertheless seek approval of theSupplemental Order in order to attempt to take advantage of thesubstantial benefits of the Standstill. The Debtors intend tocontinue to engage in discussions with the Committee until thehearing on this Motion to attempt to reach a consensual resolutionon the Supplemental Order.

Think Finance, Inc. -- https://www.thinkfinance.com/ -- is aprovider of software technology, analytics, and marketing servicesto financial clients in the consumer lending industry. ThinkFinance offers an end-to-end, professionally managed online lendingprogram. The company's customized services allow clients tocreate, develop, launch and manage their loan portfolio whileeffectively serving customers. For over 15 years, the company hashelped its clients originate more than 2 million loans enablingthem to put more than $4 billion in credit on the street.

Think Finance, LLC, along with six affiliates, sought Chapter 11protection (Bankr. N.D. Tex. Lead Case No. 17-33964) on Oct. 23,2017. Think Finance estimated assets of $100 million to $500million and debt of $10 million to $50 million.

On Nov. 2, 2017, the Office of the U.S. Trustee appointed anofficial committee of unsecured creditors. Cole Schotz P.C.represents the committee as bankruptcy counsel.

TOISA LIMITED: Gets Okay to Hire Zolfo, Appoint J. Mitchell as CRO------------------------------------------------------------------Toisa Limited received approval from the U.S. Bankruptcy Court forthe Southern District of New York to hire Jonathan Mitchell and hisfirm Zolfo Cooper Management, LLC.

Mr. Mitchell, a senior managing director of Zolfo Cooper, willserve as chief restructuring officer of Toisa Limited and itsaffiliates in connection with their Chapter 11 cases. He and hisfirm will provide interim management services, which include makingday-to-day management decisions.

Zolfo Cooper was initially hired by the Debtors as their bankruptcyconsultant and special financial advisor. This initial engagementwill be terminated, according to court filings.

In its petition, Toisa Limited estimated $1 billion to $10 billionin both assets and liabilities.

TOWERSTREAM CORP: Honig No Longer a Shareholder as of Dec. 31-------------------------------------------------------------In a Schedule 13G/A filed with the Securities and ExchangeCommission, Jonathan Honig reported that as of Dec. 31, 2017, he nolonger owns shares of common stock, par value $0.001 per share, ofTowerstream Corporation. A full-text copy of the regulatory filingis available at https://is.gd/uLIwA6

Towerstream reported a net loss attributable to common stockholdersof $22.15 million on $26.89 million of revenues for the year endedDec. 31, 2016, compared to a net loss attributable to commonstockholders of $40.48 million on $27.90 million of revenues forthe year ended Dec. 31, 2015.

As of Sept. 30, 2017, Towerstream had $26.65 million in totalassets, $39.04 million in total liabilities and a totalstockholders' deficit of $12.39 million.

Marcum LLP, in New York, issued a "going concern" qualification onthe consolidated financial statements for the year ended Dec. 31,2016, citing that the Company has incurred significant losses andneeds to raise additional funds to meet its obligations and sustainits operations. These conditions raise substantial doubt about theCompany's ability to continue as a going concern.

Type of Business: U.S. Energy Sciences, Inc., is an electric lighting equipment manufacturer in Vidalia, Georgia. Started as a reflector company, U.S. Energy has expanded to a fully integrated OEM LED and fluorescent fixture manufacturer specializing in energy efficient retrofit kits and fixtures. In addition, the company offers major brand LED's, lamps and ballast and other options to provide a complete package for its customers' lighting needs. The company was founded by William T. Huntley in 1986.

UNILIFE CORP: Plan of Liquidation Declared Effective----------------------------------------------------BankruptcyData.com reported that Unilife Corporation's FirstAmended Combined Disclosure Statement and Chapter 11 Plan ofLiquidation became effective, and the Company has emerged fromChapter 11 protection. The U.S. Bankruptcy Court confirmed thePlan on December 13, 2017. BankruptcyData's detailed Plan Summarynotes, "The Bankruptcy filing and Plan of Liquidation attempt toimplement a process to market and sell the Debtors' assets so thatthe Debtors can maximize the value of their Estates and preservethe Debtors ongoing business. On July 21, 2017 the Bankruptcy Courtapproved a licensing agreement sale between the Debtors and AmgenInc. in which Amgen agreed to pay $10 million for the Company'sintellectual property and inventory; a intellectual property salebetween the Debtors and Hikma Pharmaceuticals in which HikmaPharmaceuticals agreed to pay $7.5 million; and a collateralagreement between the Debtors and ROS Acquisition Offshore LP,which lent the Debtors at least $70 million since 2014, in whichROS Acquisition Offshore LP retained its collateral for $25million."

About Unilife Corporation

Unilife Corporation -- http://www.unilife.com-- is a U.S.-based developer and commercial supplier of injectable drug deliverysystems. Unilife has a portfolio of innovative, differentiatedproducts with a primary focus on wearable injectors. Productswithin each platform are customizable to address specific customer,drug and patient requirements.

Unilife Corporation filed a Chapter 11 bankruptcy petition (Bankr.S.D.N.Y. Case No. 17-10805) on April 12, 2017. In the petitionsigned by CEO John Ryan, the Debtor disclosed total assets of$82.98 million and total liabilities of $201.0 million as of thebankruptcy filing.

The Hon. Laurie Selber Silverstein presides over the case.

Cozen O'Connor serves as counsel to the Debtor.

An official committee of unsecured creditors has been appointed inthe case. The panel retained Lowenstein Sandler LLP as counsel.

UNIVERSAL LAND: Seeks to Hire Lowderman as Auctioneer-----------------------------------------------------Universal Land & Livestock, LLC, seeks approval from the U.S.Bankruptcy Court for the Southern District of Indiana to hire anauctioneer.

The Debtor proposes to employ Lowderman Auction & Real Estate tomarket and conduct an auction of its assets, which include realestate, equipment, livestock and frozen genetics.

Lowderman will be paid a 4% commission from the gross sale proceedsof the assets, and will be entitled to a buyer's premium of 2% fromthe winning bidder of the real estate to be paid directly to thefirm.

In addition, the firm will be entitled to reimbursement of itsexpenses for advertising, not to exceed $80,000, out of the saleproceeds following the auction.

In the event that not all the real estate offered at the auctionsells, the minimum commission payable to the firm will be 4% basedupon $3 million in high bids.

Monte Lowderman, a partner at Lowderman who will be providing theservices, disclosed in a court filing that he has no connectionwith any creditor or party that holds interest adverse to theDebtor's estate.

Universal Land & Livestock, LLC, owns and operates a cattle-fishingoperation located in Vermillion County, Indiana. The cattlefinishing business includes a cow/calf operation in house breeding,and finishing cattle off to market weight fats. The Company owns3,800 acres of farm ground located in Vermillion County, Indiana;Vigo County, Indiana; and Edgar County, Illinois.

Universal Land filed for Chapter 11 bankruptcy protection (Bankr.S.D. Ind. Case No. 17-80750) on Nov. 9, 2017, estimating its assetsand debt at between $10 million and $50 million. Peter Krieger,partner, signed the petition.

Judge Jeffrey J. Graham presides over the case.

John Joseph Allman, Esq., and David R. Krebs, Esq., at Hester BakerKrebs LLC, serves as the Debtor's bankruptcy counsel.

VINCE'S BLACK: Proposes $375K Sale of All Assets to GRJ-------------------------------------------------------Vince's Black Tie, Inc., asks the U.S. Bankruptcy Court for theNorthern District of Illinois to authorize the sale ofsubstantially all assets to GRJ Enterprises, LLC for $250,000 plusand additional amount not to exceed $125,000 in the aggregate tocure the monetary defaults with respect to the non-residential realestate leases.

A hearing on the Motion is set for Feb. 8, 2018 at 9:30 a.m. Theobjection deadline is Feb. 7, 2018.

At one point the Debtor's annual revenues averaged around $2.3million. However, in recent years, its revenues have diminished. Because of the drop in revenues and the Debtor's mounting debt, theDebtor sought bankruptcy protection. However, even during thesebankruptcy proceedings, the Debtor is unable to generate sufficientrevenue to meet its current obligations other than its payroll andrelated taxes. As a result, in order to maximize the value of thebusiness, including any good will, for the benefit of itscreditors, the Debtor needs to sell substantially all of its assetsimmediately as an ongoing business concern.

In the event, that the Debtor ceases its business operations whichis imminent because of its inability to generate sufficientrevenues to meet all of its Chapter 11 obligations, the liquidationvalue of its assets are minimal, probably less than $50,000 becausemost of the assets consist of used tuxedos and accessories and oldequipment used in the tuxedo rental business.

Both immediately prior to the filing of the bankruptcy case andduring the case, the Debtor's principal, Vince Genova, has reachedout to other parties and entities in the formalwear apparelbusiness to solicit offers for the purchase of its business. Noparties were interested in buying the Debtor as a going businessconcern but only offered to purchase the Debtor's used apparel forliterally pennies. However, the Debtor was able to obtain an offerfrom the Buyer to purchase substantially all of the assets of thebusiness provided it remained an on-going business concern as ofthe date of closing.

GRJ Enterprises offer is far greater than the proceeds which theDebtor or a Chapter 7 Trustee would realize if the Debtors' assetswere liquidated. The Debtor believes that the Buyer's offer is thehighest and best offer which it will receive particularly given theexigent circumstances of the Debtor needing to immediately sell thebusiness as an on-going concern to maximize the benefit tocreditors. GRJ Enterprises offer is set forth in the Asset PurchaseAgreement.

The primary terms of the Agreement are:

a. Buyer: GRJ Enterprises, LLC

b. Seller: Vince's Black Tie, Inc.

c. Purchase Price: $250,000 plus an additional amount not toexceed $125,000 in the aggregate to cure monetary defaultswith respect to the non-residential leases of real estate

d. Acquired Property: Substantially all of the Debtor's assetsand the assignment of its non-residential real estate leases andvehicle leases

e. Closing: Feb. 15, 2018

f. Financing Contingency: None

g. Closing: Feb. 15, 2018 at 9:00 a.m.

A copy of the Agreement attached to the Motion is available forfree at:

The Debtor asks the Court to authorize it to execute the AssetPurchase Agreement providing that all liens, claims andencumbrances will attach to the proceeds of the sale. In addition,the Motion asks the Court to authorize (i) the Debtor to assume theleases of non-residential real estate and vehicle leases listedbelow; (ii) the assignment of each of the leases to GRJ Enterprisesprovided the Seller has cured out of the Purchase Price allmonetary defaults, not to exceed $125,000 in the aggregate, andprovided adequate assurance of future performance to each lessor,and (iii) the Debtor to take all actions and to execute any and alldocuments necessary to effectuate any assignment of each of theleases.

In order for the Buyer, to operate the Debtor's business as a goingbusiness concern, it is essential that all of the Debtor's,non-residential leases of its retail outlet stores as well as itswarehouse location be assumed by the Debtor and assigned to GRJEnterprises. As part of the Asset-Purchase Agreement, the Sellerhas agreed to cure all arrears, not to exceed $125,000 in theaggregate, with respect to each of the leases, and the Buyer willprovide each landlord with adequate assurance of future performancein accordance with Section 365 of the Bankruptcy Code.

In addition to the other sale-related and assumption and assignmentrelief sought, the Debtor requests that the Court specificallyfinds inapplicable any stays that might otherwise inhibit theDebtor's ability to close the proposed transaction for the sale ofthe assets and the assumption and assignment of the leasesimmediately after the Court enters an order approving thetransaction, including, without limitation, those arising underBankruptcy Rules 6004 and 6006.

Moreover, because of the exigent circumstances and the need toconsummate the sale as quickly as possible before the Debtor isforced to shut down, good cause exists to shorten the notice periodfrom 21 to 14 days.

WESTINGHOUSE ELECTRIC: Assets Sale/Abandonment Procedures Okayed----------------------------------------------------------------Judge Michael E. Wiles of the U.S. Bankruptcy Court for theSouthern District of New York authorized (i) the sale procedures bywhich Westinghouse Electric Co. and affiliates may sell propertythat is no longer needed in their ongoing business activities; and(ii) the abandonment procedures by which they may abandon propertyof inconsequential value that is burdensome to their estates.

The Debtors are authorized, but not directed, to sell estateproperty in accordance with these Sales Procedures:

a. Limited Notice Sales: For property that has a fair marketvalue less than $1,000,000, except with respect to sales ortransfers of (i) any interest in real property, or (ii) any otherproperty with respect to which there is any known or suspectedenvironmental contamination or liability, and is proposed to besold in a transaction, or in a series of related transactions:

i. Business Judgment Standard:: The Debtors areauthorized to consummate the sale of such property without furtherorder of the Bankruptcy Court, subject to the procedures set forth,if the Debtors determine in a reasonable exercise of their businessjudgment that such a sale is in the best interest of theirestates.

ii. Sale Free and Clear: Any such sale of property willbe free and clear of all liens, claims, and encumbrances, with suchLiens attaching only to the sale proceeds with the same validity,extent, and priority as immediately prior to the transaction.

iii. Good Faith Purchaser: Each purchaser of propertypursuant to such a sale will be afforded the protections of section363(m) of the Bankruptcy Code as a good faith purchaser.

iv. Limited Sale Notice: The Debtors shall, at leastseven business days prior to closing such sale or effectuating suchtransfer, file on the Court's docket and serve a written notice ofsuch sale by e-mail, facsimile, or overnight delivery service on(i) counsel to the Committee, Proskauer Rose LLP; (ii) any knownaffected creditor(s), including counsel to any creditor asserting alien claim or encumbrance on the relevant property; and (iii) ifthe property proposed to be sold is located on the Virgil C. SummerNuclear Generating Station site, the Debtors will provide notice ofthe sale to counsel to the owners of the VC Summer Project, ReedSmith LLP. Parties objecting to a Limited Sale Notice must file nolater than seven calendar days after the date the Debtors serve therelevant Sale Notice.

b. Noticed Asset Sales: For property that has a fair marketvalue equal to or greater than $1,000,000, and less than or equalto $5,000,000, and is proposed to be sold in a transaction, or in aseries of related transactions, except with respect to sales ortransfers of (i) any interest in real property, or (ii)Environmentally Impaired Personal Property:

i. Business Judgment Standard: The Debtors are authorizedto consummate such a sale without further order of the BankruptcyCourt, subject to the procedures set forth, if the Debtorsdetermine in a reasonable exercise of their business judgment thatsuch a sale is in the best interest of their estates.

ii. Sale Free and Clear: Any such sale will be free andclear of all Liens, with such Liens attaching only to the saleproceeds with the same validity, extent, and priority asimmediately prior to the transaction.

iii. Good Faith Purchaser: Each purchaser of property tosuch a sale will be afforded the protections of section 363(m) ofthe Bankruptcy Code as a good faith purchaser.

iv. Sale Notice: The Debtors shall, at least sevenbusiness days prior to closing such sale or effectuating suchtransfer, serve a Sale Notice upon the Notice Parties. Partiesobjecting to a Limited Sale Notice must file no later than sevencalendar days after the date the Debtors serve the relevant SaleNotice.

c. Noticed Sales of Real Property and/or Personal PropertyWith Known or Suspected Environmental Contamination: For (i) realproperty, or (ii) Environmentally Impaired Personal Property, thathas a fair market value less than or equal to $5,000,000, and isproposed to be sold in a transaction, or in a series of relatedtransactions:

i. Business Judgment Standard. The Debtors are authorizedto consummate such a sale without further order of the BankruptcyCourt, subject to the procedures set forth, if the Debtorsdetermine in a reasonable exercise of their business judgment thatsuch a sale is in the best interest of their estates.

ii. Sale Free and Clear: Any such sale will be free andclear of all Liens, with such Liens attaching only to the saleproceeds with the same validity, extent, and priority asimmediately prior to the transaction.

iii. Good Faith Purchaser. Each purchaser of property tosuch a sale will be afforded the protections of section 363(m) ofthe Bankruptcy Code as a good faith purchaser.

iv. Environmental Sale Notice: The Debtors shall, at least21 calendar days prior to closing such sale or effectuating suchtransfer, serve a written notice of such sale to the Notice Partiesand an additional notice to the United States Attorney's Office forthe Southern District of New York and any federal, state or localregulators that the Debtors are aware have a regulatory interest inthe property an additional Environmental Sale Notice.

v. Amendment to Environmental Sale Notice: If the termsof a proposed sale are materially amended after transmittal of theEnvironmental Sale Notice, the Debtors will send a revisedEnvironmental Sale Notice to the Environmental Notice Parties. Theobjection deadline will be extended to provide an additional fivedays to object to the proposed sale.

d. Sale Pursuant to Motion: For property that has a fairmarket value greater than $5,000,000, and is proposed to be sold ina transaction, or in a series of related transactions, the Debtorswill seek authority to sell such property pursuant to a motion andin accordance with the Bankruptcy Code, Bankruptcy Rules, and LocalRules.

Any net proceeds obtained by the Debtors from any sales of propertywill be applied as required by the DIP Documents or any orderentered by the Court. In addition to the notices required to beprovided, the Debtors will provide notice of any transaction orabandonment to any state or federal regulatory authority, to theextent otherwise required by applicable law.

Pursuant to sections 554 and 105(a) of the Bankruptcy Code, theDebtors are authorized, but not directed, to abandon personalproperty in accordance with these Abandonment Procedures:

a. Limited Notice Abandonment: For personal property that theDebtors believe has a book value on their books and records oracquisition cost (as applicable) on the property of less than orequal to $500,000:

i. Business Judgment Standard: The Debtors are authorizedto abandon such property if they determine in the reasonableexercise of their business judgment that such abandonment is in thebest interest of their estates, without further order of the Courtor notice to any party.

ii. Limited Abandonment Notice: The Debtors shall, atleast five business days prior to abandoning such property, file onthe Court's docket and serve a written notice of such abandonmenton all Notice Parties.

iii. Objection Procedures: Parties objecting to anAbandonment Notice must file and serve a written objection so thatsuch objection is filed with the Court and is actually received bycounsel to the Debtors no later than five calendar days after thedate the Debtors serve the relevant Abandonment Notice.

iv. No Objection: If no objection to an Abandonment Noticeis timely filed by any of the Notice Parties within five (5)calendar days of service of such Abandonment Notice, the Debtorsare authorized to immediately abandon the relevant property.

v. Unresolved Objections: If a timely objection is filedand not withdrawn or resolved, the Debtors will file a notice ofhearing to consider the unresolved objection. If such objection isoverruled or withdrawn, or if the abandonment of the property isspecifically approved by further order of the Court, the Debtorsare authorized to immediately abandon such property.

b. Noticed Abandonment: For property that the Debtors believehas a book value on their books and records or acquisition cost (asapplicable) of greater than $500,000:

i. Abandonment Notice: The Debtors shall, at least fivecalendar days prior to abandoning such property, serve a writtennotice of such abandonment to the Notice Parties.

ii. Objection Procedures: Parties objecting to anAbandonment Notice must file no later than five calendar days afterthe date the Debtors serve the relevant Abandonment Notice.

iii. No Objection: If no objection to an Abandonment Noticeis timely filed by any of the Notice Parties within five calendardays of service of such Abandonment Notice, the Debtors areauthorized to immediately abandon the relevant property.

iv. Unresolved Objections: If a timely objection is filedand not withdrawn or resolved, the Debtors will file a notice ofhearing to consider the unresolved objection.

c. Noticed Abandonment of Environmentally Impaired PersonalProperty: For personal property, of any value, that Debtors know orsuspect is environmentally contaminated or with respect to whichthere is known or suspected environmental liability:

ii. Amendment to Environmental Abandonment Notice: If theterms of a proposed abandonment are materially amended aftertransmittal of the Environmental Abandonment Notice, the Debtorswill send a revised Environmental Abandonment Notice to theEnvironmental Notice Parties. The objection deadline will beextended to provide an additional five days to object to theproposed abandonment; No Objection. If no written objections aresubmitted within 21 calendar days of service of such EnvironmentalAbandonment Notice or five calendar days of service of such revisedEnvironmental Abandonment Notice, the Debtors may immediatelyproceed with the abandonment; and

iii. Unresolved Objections: If a timely objection isfiled and not withdrawn or resolved, the Debtors will file a noticeof hearing to consider the unresolved objection.

With respect to any property abandoned under the AbandonmentProcedures located at one of the Debtors' vendors, subcontractors,or customers, the applicable party to which that such property isabandoned will have the right to dispose of such property. Partiesrights, if any, to file claims for the costs of disposal of suchproperty are fully reserved, as are the rights of any party ininterest to object to such claims.

Notwithstanding anything to the contrary in the Order, the Debtorsare not authorized to abandon any real property.

Notwithstanding anything to the contrary in the Order, any proposedNon-Noticed Sale or Noticed Sale pursuant to the Order will besubject to any limitations set forth in the Plan Funding Agreement,and will not be permitted if, absent the Order, such Non-NoticedSale, Noticed Sale, or Environmental Notice Sale would not bepermitted by the Plan Funding Agreement.

The requirements of Bankruptcy Rule 6004(a) are waived.

The 14-day stay imposed by Bankruptcy Rule 6004(h) is waived withrespect to each proposed sale and proposed abandonment conducted inaccordance with the Order, and the Debtors may close proposed salesas set forth herein without reference to such stay.

The requirements set forth in Local Rule 9013-1(b) are satisfied.

About Westinghouse Electric

Westinghouse Electric Company LLC --http://www.westinghousenuclear.com/-- is a U.S.-based nuclear power company founded in 1999 that provides design work andstart-up help for new nuclear power plants and makes many of thecomponents. Westinghouse manufactures and supplies the commercialfuel products needed to run the plants, and it offers training,engineering, maintenance, and quality management services. Almost50% of nuclear power plants around the world and about 60% of U.S.plants are based on Westinghouse's technology. Westinghouse'sworld headquarters are located in the Pittsburgh suburb ofCranberry Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billionto a group comprising of Toshiba (77% share), partners The ShawGroup (20% share), and Ishikawajima-Harima Heavy Industries Co.Ltd. (3% share). After purchasing part of Shaw's stake in 2013,Japan-based conglomerate Toshiba obtained ownership of 87% ofWestinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,Westinghouse Electric Company LLC, along with 29 affiliates, filedvoluntary petitions for relief under Chapter 11 of the U.S.Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751) on March 29,2017. The petitions were signed by AlixPartners' Lisa J. Donahue,the Debtors' chief transition and development officer.

The Debtors disclosed total assets of $4.32 billion and totalliabilities of $9.39 billion as of Feb. 28, 2017.

On April 7, 2017, the Office of the U.S. Trustee appointed anofficial committee of unsecured creditors. Proskauer Rose LLP isthe committee's bankruptcy counsel, and Houlihan Lokey Capital,Inc., serves as its investment banker.

The Board of Directors of Westinghouse appointed a special panelcalled the U.S. AP1000 Committee to oversee the company'sactivities related to certain AP1000 nuclear plants located inGeorgia and South Carolina.

WILLIAM FOCAZIO: Seeks Access to FCB Use Cash Collateral--------------------------------------------------------William J. Focazio, M.D., P.A. asks the United States BankruptcyCourt for the District of New Jersey for preliminary and finalauthority to use cash collateral in order to preserve its assets soas to maintain and maximize its value for the benefit of allparties-in-interest.

The Debtor leases the property located at 999 Clifton Avenue,Clifton, New Jersey 07013 from DVCO, LLC (DVCO is owned by Dr.William J. Focazio) at approximately $72,000 per year to be paid inequal installments of $6,000 per month. The Lease, commenced onJanuary 23, 2015, has a term of 20 years. The Lease requires theDebtor to pay all utilities. The Debtor is also responsible for 75%of the taxes, insurance, and maintenance of the Property.

PSE&G provides utility services for gas and electricity to theDebtor at the Property. The Debtor is on a payment plan with PSE&Gfor $2,176 per month. The Debtor utilizes an elevator for itsbusiness operations. The Debtor's water is paid for by EndoSurgical. The Debtor pays for Endo Surgical's gas and electric.

As of Jan. 9, 2018, the outstanding indebtedness owed to FirstCommerce Bank, as it relates to the Loans, equals approximately$12,241,000, including interest, late charges, legal fees,prepayment premiums and related fees. The Debtor believes thatFirst Commerce Bank enjoys a lien on all or substantially of theDebtor's assets. First Commerce Bank's claims extend to all of Dr.Focazio's entities.

The Debtor also owes approximately $100,000 in payroll taxes to theState of New Jersey, Division of Taxation. By virtue of its statetax liens, the Division has a lien on all of the Debtor's assets. Thus, it is adequately protected because an equity cushion existsbased on the value of the Debtor's assets.

The Debtor asserts that First Commerce Bank is over-secured and itscollateral provides adequate protection to First Commerce Bank. Towit, the market value of the Property is $4,925,000, East BrunswickPremises is $4,700,000, 975 Clifton Premises is $1,250,000, andSaddle River Property is between $20,000,000 and $22,000,000, whileFirst Commerce Bank's debt is $12,241,000.

In addition, the Collateral also includes a blanket lien on all ofthe Debtor's personal property. Accordingly, FCB has an equitycushion based on the total value of all the Collateral securing itsdebt.

The Debtor argues that denial of the use of alleged cash collateralto fund the Debtor's day-to-day operations will severely harm theDebtor at a critical time, effectively hindering its ability toreorganize. Essentially, without the authority to use alleged cashcollateral, the Debtor cannot continue to operate, which will causea loss of going concern value and preclude the ability toreorganize.

The Debtor is prepared to discuss with all of its creditors thedevelopment of both a financial and operational restructuring plan. The authority to use alleged cash collateral will enable theDebtor to engage in those discussions and accomplish itsreorganization, while operating in the ordinary course.

Headquartered in Clifton, New Jersey, William Focazio, MD, PA, EndoSurgical Center of North Jersey, and Fenner Ave., LLC are privatelyheld companies that operate in the health care industryspecializing in internal medicine and gastroenterology.

William Focazio, MD, PA and its affiliates Endo Surgical Center ofNorth Jersey and Fenner Ave., LLC sought protection under Chapter11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-10752,18-10753 and 18-10755, respectively) on Jan. 13, 2018. Thepetitions were signed by William Focazio, M.D., principal. At thetime of filing, William Focazio, MD, PA has $1,130,000 in totalassets and $12,830,000 in total liabilities; and Endo SurgicalCenter has $1,170,000 in total assets and $16,490,000 in totalLiabilities.

S&P said, "At the same time, we assigned our 'B-' issue-levelrating and '3' recovery rating to Zotec's proposed senior securedfirst-lien credit facility, consisting of a $20 million five-yearrevolving credit facility and a $305 million seven-year term loan.The '3' recovery rating indicates our expectation for meaningful(50%-70%; rounded estimate: 55%) recovery in the event of paymentdefault."

Zotec Partners uses its proprietary suite of revenue cyclemanagement (RCM) software and medical billing staff to provide RCMservices of billing and collection primarily to hospital-basedphysicians. The company combines the medical report, demographic,and insurance data received from a hospital electronic healthrecord (EHR) to code, bill, and collect payment for a medicalencounter. Zotec's radiology segment accounts for a substantialportion of revenue, with emergency medicine, anesthesiology, andoffice-based physician segments accounting for the remainingrevenue.

[*] Feb. 7 Auction of $301,700 in Defaulted Timeshare Loans-----------------------------------------------------------Orange Lake Country Club, Inc., as sub-servicer of certaindefaulted timeshare loans, will sell the Property in bulk at publicauction slated to take place on Wednesday, February 7, 2018commencing at 10:00 am at the lobby of 1201 Elm Street, Suite 4600,Dallas, Texas 75270.

The outstanding principal balance of the loans comprising theProperty is approximately $301,726.25.

A minimum bid amount will be required and such amount will beannounced to interested parties 30 minutes prior to the Auction. Itis anticipated that the minimum bid amount will exceed $275,776.20-- Estimated Minimum Purchase Price.

The Property will be conveyed via allonge(s) and one or moreunrecorded collateral assignment of mortgages/deeds of trustwithout warranties of any kind and without title insurance. Toqualify to bid, an interested party must 30 minutes prior to theAuction provide evidence satisfactory to Sub-servicer of itsability to within 1 hour of the Auction produce cash or a cashier'scheck in an amount exceeding the Estimated Minimum Purchase Price.

Information regarding the Property will be made available toqualified bidders prior to the commencement of the Auction, andsuch information will relate to the performance of the entirety ofthe loan portfolio comprising the Property rather than informationregarding individual loans. The Sub-Servicer may withdraw one ormore, or all, of the loans comprising the Property at any timethrough and including the time of the Auction.

[*] Feb. 7 Auction of $618,000 in Defaulted Timeshare Loans-----------------------------------------------------------Orange Lake Country Club, Inc., as sub-servicer of certaindefaulted timeshare loans, will sell the Property in bulk at publicauction slated to take place on Wednesday, Feb. 7, 2018 commencingat 10:15 am at the lobby of 1201 Elm Street, Suite 4600, Dallas,Texas 75270.

The outstanding principal balance of the loans comprising theProperty is approximately $618,241.50.

A minimum bid amount will be required and the amount will beannounced to interested parties 30 minutes prior to the Auction.

It is anticipated that the minimum bid amount will exceed$440,632.08 -- Estimated Minimum Purchase Price.

The Property will be conveyed via allonge(s) and one or moreunrecorded collateral assignment of mortgages/deeds of trustwithout warranties of any kind and without title insurance.

To qualify to bid, an interested party must 30 minutes prior to theAuction provide evidence satisfactory to Sub-servicer of itsability to within 1 hour of the Auction produce cash or a cashier'scheck in an amount exceeding the Estimated Minimum Purchase Price.

Information regarding the Property will be made available toqualified bidders prior to the commencement of the Auction, andsuch information will relate to the performance of the entirety ofthe loan portfolio comprising the Property rather than informationregarding individual loans.

The Sub-Servicer may withdraw one or more, or all, of the loanscomprising the Property at any time through and including the timeof the Auction.

Monday's edition of the TCR delivers a list of indicative pricesfor bond issues that reportedly trade well below par. Prices areobtained by TCR editors from a variety of outside sources duringthe prior week we think are reliable. Those sources may not,however, be complete or accurate. The Monday Bond Pricing tableis compiled on the Friday prior to publication. Prices reportedare not intended to reflect actual trades. Prices for actualtrades are probably different. Our objective is to shareinformation, not make markets in publicly traded securities.Nothing in the TCR constitutes an offer or solicitation to buy orsell any security of any kind. It is likely that some entityaffiliated with a TCR editor holds some position in the issuerspublic debt and equity securities about which we report.

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